It also completely doesn't describe inflation over the past several years.
This is a confusing of an annual inflation rate and a quarterly inflation rate.
February 2021 is the first full month of the Biden Administration
The Consumer Price Index (CPI-U) was 263.014. The latest number is from August, it's 307.026
To get the percentage increase, you divide the 307 by the 263 which gives you 1.167. This is a 16.7% increase it's not 210% .
This is a 16.7% increase happened over 30 months. That's a less than 2% quarterly inflation rate. It's 1.67% quarterly inflation rate.
If you use the CPI-W the numbers are very similar
This 17.0% increase happened over 30 months. That's a less than 2% quarterly inflation rate. It's 1.70% quarterly inflation rate.
Feel free to check my math. But when they say inflation was up 5% last quarter......the comparison is to the same time last year (4 full quarters). It's not a 5% increase from last quarter.
You may very well be correct (assuming, of course, that the CPI numbers aren't manipulated).
I was responding solely to the mathematics offered in the preceding post - and (FWIW) I wasn't intending to 'mock' anyone, I was simply suggesting that it's not prudent to mock when your own argument is lacking (in the same topic).
To his credit, the poster graciously accepted his mistake, and then proved his proficiency with a later post.
That depends on who does the calculation. If you still believe government figures, then you are in the wrong corner of the Internet.
Anyone who is paying attention knows for certain that many items have doubled (or more than doubled) in the past two years. From the common: 'What's your local gas price?' To the not-so-common: 'Have you priced recharging an A/C unit lately?'
You've only been on this site for 16 days, which means you might be a disruptive type. I no have idea if that's the case...
But if you truly think that the inflation rate is 'business as usual', you are flat-out blind.
It also completely doesn't describe inflation over the past several years.
This is a confusing of an annual inflation rate and a quarterly inflation rate.
February 2021 is the first full month of the Biden Administration
The Consumer Price Index (CPI-U) was 263.014. The latest number is from August, it's 307.026 To get the percentage increase, you divide the 307 by the 263 which gives you 1.167. This is a 16.7% increase it's not 210% .
This is a 16.7% increase happened over 30 months. That's a less than 2% quarterly inflation rate. It's 1.67% quarterly inflation rate.
If you use the CPI-W the numbers are very similar This 17.0% increase happened over 30 months. That's a less than 2% quarterly inflation rate. It's 1.70% quarterly inflation rate.
Feel free to check my math. But when they say inflation was up 5% last quarter......the comparison is to the same time last year (4 full quarters). It's not a 5% increase from last quarter.
You may very well be correct (assuming, of course, that the CPI numbers aren't manipulated).
I was responding solely to the mathematics offered in the preceding post - and (FWIW) I wasn't intending to 'mock' anyone, I was simply suggesting that it's not prudent to mock when your own argument is lacking (in the same topic).
To his credit, the poster graciously accepted his mistake, and then proved his proficiency with a later post.
But the mathematics were also wrong, because what he was describing was an annual inflation rate of 28%.
A rate the US has never reached.
Once the math reached 200%.......we should be able to check that vs reality.
That depends on who does the calculation. If you still believe government figures, then you are in the wrong corner of the Internet.
Anyone who is paying attention knows for certain that many items have doubled (or more than doubled) in the past two years. From the common: 'What's your local gas price?' To the not-so-common: 'Have you priced recharging an A/C unit lately?'
You've only been on this site for 16 days, which means you might be a disruptive type. I no have idea if that's the case...
But if you truly think that the inflation rate is 'business as usual', you are flat-out blind.