3 ms·
I don't think its a good idea to extrapolate using CPI, because food/energy is so volatile. Its not like anyone can predict the next Avian flu / Swine flu / wha
by dragontamer 4y ago
I don't think its a good idea to extrapolate using CPI, because food/energy is so volatile. Its not like anyone can predict the next Avian flu / Swine flu / whatever... and oil prices rise / fall to the whims of OPEC+, which is also quite unpredictable. (Also, weather: mild winter caused lower energy prices this past few months... but we can't rely upon good weather constantly)
Core-CPI isn't so rosy: the last three MoM values are 0.4, 0.5, and 0.4 (1.3% core CPI inflation over 3 months), which extrapolates to 5.3% yearly core-inflation.
Which _is_ down btw compared to last year... But its not nearly down enough.