Re:FDIC set to take First Republic Bank into receivership
by jdenning on Saturday April 29, 2023 @04:37AM
(#35751196)
Many prices change seasonally; comparing inflation to the rate 12 months ago accounts for any seasonal variance.
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Re:FDIC set to take First Republic Bank into receivership
by dragonwriter on Saturday April 29, 2023 @10:07AM
(#35752987)
First: the 12-month trailing rate compares price level, not inflation rate, to 12-months ago.
Second, looking at the monthly seasonally adjusted numbers also accounts for seasonal variance.