[treis]

Seasonally adjusted != multiply by 12. Prices naturally fluctuate throughout the year due to weather, consumer patterns, and business cycles. Seasonal adjustment is an attempt to account for those changes.

[JumpCrisscross]

> Seasonally adjusted != multiply by 12

My brain swapped annualised with seasonally adjusted. Sorry.

[reedjosh]

Beyond seasonal price fluctuations, wouldn't it be 1.04^12 = ~6% annually?

[Izkata]

0.4% is 0.004, so 1.004^12 = 1.049... or 4.9%

[reedjosh]

Derp, yeah. Thanks.