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Zooming out in what sense? Those rolling charts don’t mean much imo. Year over year change is a pretty good perspective and a tick up like this is not great.
by infecto 5mo ago
Zooming out in what sense? Those rolling charts don’t mean much imo. Year over year change is a pretty good perspective and a tick up like this is not great.
- jrflo 5mo agoZooming out tells you this tick up to 4.2% is not nearly as bad as the post-covid inflation, and drastically better than the 70s. Not a good sign, but also not too far outside the historical mean and probably no need to panic in and of itself.
- infecto 5mo agoI don’t think that tells us anything. We already know 7% > than 4.2. This should already be a fact that inflation was worse during Covid. I don’t think know that inflation was worse in the 70s helps fixes the narrative that 4.2% inflation is not good.
- jrflo 5mo agoObviously more inflation is bad almost always. The question is how bad. By looking at a graph, you can get a sense for the mean and standard deviation of inflation over time, and this looks to be a small deviation in the grand scheme of things. Of course, no one would call this good, but it's just good to put stuff like this in context.
- infecto 5mo agoAgain I don’t think it says anything. Yes inflation was worse during Covid and before I was born, that just sounds silly btw. There is no perspective to be frank, energy is up a lot, that will impact other goods over the next few quarters.