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> Inflation has been hovering around 8-10% a month Actually, about 1/12th of that. You meant 8-10% a year. [0] [0]: https://tradingeconomics.com/iceland/infla
by simonebrunozzi 3y ago
> Inflation has been hovering around 8-10% a month
Actually, about 1/12th of that. You meant 8-10% a year. [0]
[0]: https://tradingeconomics.com/iceland/inflation-cpi https://tradingeconomics.com/iceland/inflation-cpi
- runeks 3y agoMore like 1/30th of that. Because of compounding, 10% monthly inflation is over 300% yearly inflation.