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10 sats \ 1 reply \ @tomlaies 14 Jul 2022 \ parent \ on: Consumer Price Index Hits 9.1% bitcoin
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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