[UncleMeat]

The point is that the annual number is often rather confusing from a reporting perspective.

[m101]

And that an annual number is diluted and will only feed in slowly over time.

If we knew inflation was permanently at 5% from now on, a blend with 2% for 11 months and 5% for 1 month, is not informative.

[jlongr]

Pointless observation.

[jlongr]

They said: "12*0.4% is 4.8%. Inflation is running at an annualised 4.8%."

This is patently wrong.

[readthenotes1]

Because it's 1.04^12?

Or are you addressing some other flaw?