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by sokoloff 1654 days ago
Are you assuming that the “October measure” of 6.2% is a per-month figure (meaning 12 of them would be +106% compounded [1.062^12-1])?

That’s not how it works. The 6.2% is an annualized figure.

(If the one year outlook were for inflation to be >100% in the US, people would be flipping out; BTC would be $200K+; markets would sell off 40+%; Treasuries would be selling at a yield well over 75%)
1 comments
sneeeeeed 1654 days ago
It’s month over month actually.
link
sokoloff 1654 days ago
> It’s month over month actually.

No, it’s not.

From BLS: https://www.bls.gov/news.release/pdf/cpi.pdf

First paragraph:

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.9 percent in October on a seasonally adjusted basis after rising 0.4 percent in September, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 6.2 percent before seasonal adjustment.

link