I think the truthfulness of media reporting is best evaluated based not on literal factual accuracy, but on what it causes people to believe. Factual accuracy i

I think the truthfulness of media reporting is best evaluated based not on literal factual accuracy, but on what it causes people to believe. Factual accuracy is not sufficient without other information needed to put those facts into context. Either the media doesn't adequately explain or the average person doesn't adequately understand the YoY numbers. Either way, media is responsible for causing the average person to believe something that is not true (that prices are going up faster each month than they actually are). It's true that YoY numbers can be more meaningful to the normal every day person, but only if they understand them. It might be better if people understood that prices, relative to a year ago, are not increasing in recent months at an 8.9% annualized rate.