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A comment on U.S. Consumer Prices Rose Strongly Again in May.
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% annualized inflation using the data of the last two months.
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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% annualized inflation using the data of the last two months.