I don't know math either, but that 3.37 % inflation is month to month. So, I believe they are saying it rose 75% from last year and 3.37 from last month.
I do know math and finance. The two numbers don't agree. I wrote how you go from monthly to annual rate.
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This won’t age well :)
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Each month to month increase has to be different, obviously. You are not simply multiplying or dividing by twelve. In other words, prices rose 3.37% from April to May. There is no correlation between the numbers.
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That must be what they meant. Generally, when governments publish inflation stats for a month they always annualize the number.
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Yeah. The way the CNBC article was written was confusing.
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Thanks for this chart.
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