3 ms·
0.6% of monthly inflation wouldn't be 7.2% you can't multiply like that. So the real number would be 1.006^12=7.44% And over 7% inflation is a bit more than
by hvb2 1y ago
0.6% of monthly inflation wouldn't be 7.2% you can't multiply like that.
So the real number would be
1.006^12=7.44%
And over 7% inflation is a bit more than 'pretty high' that's getting really scary if there's no clear outside reason for it