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A comment on Do High Interest Rates Fix High Inflation?. Parent comment

Re:Do High Interest Rates Fix High Inflation? by UncleMeat on Tuesday June 13, 2023 @06:01PM (#36318188)
Gasoline is down -19.7% over the last year.
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Re:Do High Interest Rates Fix High Inflation? by chrisco255 on Tuesday June 13, 2023 @06:03PM (#36318216)
And it's what, 50% higher than 3 years ago? Anecdotal data points are useless.
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Re:Do High Interest Rates Fix High Inflation? by UncleMeat on Tuesday June 13, 2023 @08:16PM (#36319531)
It isn't anecdotal data. This is the number from BLS.
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Re:Do High Interest Rates Fix High Inflation? by chrisco255 on Wednesday June 14, 2023 @03:25PM (#36331231)
Yes, it's anecdotal data. That is to say, it's a single, arbitrary cherry picked data point that one cannot draw meaningful conclusions from, since it's not statistically significant. Gas prices are very volatile, and anything short of a long trend analysis will tell you absolutely nothing.

Gas is more than 25% higher than it was for all of 2018, 2019, and 2020. It is trending higher, in spite of the pull back from recent highs in the wake of the Ukraine war.

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