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0 sats \ 2 replies \ @DemandUtopia 13 Jul 2022 freebie \ parent \ on: Consumer Price Index Hits 9.1% bitcoin
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.
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10 sats \ 1 reply \ @tomlaies 14 Jul 2022
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.
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100 sats \ 0 replies \ @DemandUtopia 14 Jul 2022
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.
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