the real trick with these numbers isn’t that they incorrectly weigh the basket (even though they do), it’s that they ignore everything that happened more than 12 months ago.
The official inflation of the Brazilian government is very low, close to the US government. The only point is that we have a basic interest rate of almost 14% p.a. If the Fed raises rates, we'll easily have double-digit inflation around here. Living in the third world is very complicated.
BS. look at the 2nd chart here:
The real number could be anywhere from 5 to 10 % higher, on average.
http://www.shadowstats.com/alternate_data/inflation-charts
By changing the calculation method and manipulating the figures, the Fed's 2% target will be reached...
But don't pay too much attention and beware.
Remember this quote from Winston Churchill: "I only believe in statistics that I doctored myself".
the real trick with these numbers isn’t that they incorrectly weigh the basket (even though they do), it’s that they ignore everything that happened more than 12 months ago.
Oooh JP showing inflation who is boss, positive nominal rates, LFG!!!!! 😂😂
Always double / triple % of what they tell you
I can't express my lack of confidence in these numbers.
Does anyone know if they even consider shrinkflation at all?
The official inflation of the Brazilian government is very low, close to the US government. The only point is that we have a basic interest rate of almost 14% p.a. If the Fed raises rates, we'll easily have double-digit inflation around here.
Living in the third world is very complicated.