Whoops, I quoted the article with 1.3% increase in June, then wrote 1.7%. 1.013^12 = 1.167, so 17% like I said.

And the past few months have been in the range of 1.3%, for the month-to-month inflation. So if we stick to those numbers, we'll pushing 17% year-over-year soon.

> 1.7% per month, compounded over 12 months, would be 17%

That does not sound right. 1.017^12 = 1.224

So 22.4%

Besides, it's not 1.7% every month. It fluctuates.

tomlaies

The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.3 percent in June

1.7% per month, compounded over 12 months, would be 17%. So if the next year continues to have inflation at the rate of the past few months, we'll be north of 15% by next Spring.

bitcoin

Consumer Price Index Hits 9.1%

We can calculate that:

> The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.3 percent in June

1.7% per month, compounded over 12 months, would be 17%. So if the next year continues to have inflation at the rate of the past few months, we'll be north of 15% by next Spring.