Re:U.S. Consumer Prices Rose Strongly Again in May
by AuInsect on Thursday June 10, 2021 @10:20AM
(#27461094)
Yes, 5% over the last 12 years, which includes a, brief, collapse in spending. But!
Look at chart 1:
Apr2021 had 0.8% month to month
May2031 had a 0.6% month to month.
Which annualize ((1+i)^12) to: 10% and 7% respectively.
Or, a better estimate:
((1.008)*(1.06))^6=1.087
Or 8.7%
And, this doesn't include that most of the money printed hasn't been allowed to slosh around yet and instead are being used to prop up financial markets.
Look at chart 1:
Apr2021 had 0.8% month to month May2031 had a 0.6% month to month.
Which annualize ((1+i)^12) to: 10% and 7% respectively.
Or, a better estimate:
((1.008)*(1.06))^6=1.087
Or 8.7%
And, this doesn't include that most of the money printed hasn't been allowed to slosh around yet and instead are being used to prop up financial markets.