4 ms·

these are 12 month numbers

• hyperpape 2y ago
  The implication that this avoids seasonal variation is accurate, but there are also other transitory supply shocks. I believe even accounting for seasonality, food and oil prices are more volatile than other items. Also, I may be wrong about this, but I'm not clear that you can easily do comparisons like "inflation has been X percent over the past 18 months" if you just do comparisons to 12 months ago.