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(Financial Post)   6.9 was so good last month, why not do it again?   (financialpost.com) divider line
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    More: Giggity, Interest rate, per cent jump, per cent increase, Central bank, higher interest rates, price of gasoline, Inflation, Monetary policy  
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1095 clicks; posted to Business » on 16 Nov 2022 at 3:05 PM (17 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



10 Comments     (+0 »)
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AirForceVet [TotalFark] [OhFark]
2022-11-16 2:29:37 PM  
It would be nice if it dropped by 4.9%, IMHO.
 
Ketchuponsteak
2022-11-16 3:30:23 PM  
I kinda miss deflation TBH.

It was horrible for the economy, obviously.
 
Geotpf
2022-11-16 3:35:00 PM  
Year over year is a dumb metric to look at.  Month over previous month is what you should be looking at.
 
sirrerun
2022-11-16 4:51:48 PM  
Ni.ce
 
Lord Bear
2022-11-16 6:07:31 PM  

Geotpf: Year over year is a dumb metric to look at.  Month over previous month is what you should be looking at.


Too many of the commodities in the index are too volatile to do it month over month.  Fuel prices can change 10% a week pretty easy.  That would make the index almost useless due to statistical noise.
 
ImpendingCynic
2022-11-16 6:43:19 PM  
I thought this meant an earthquake somewhere.
 
Geotpf
2022-11-16 6:57:54 PM  

Lord Bear: Geotpf: Year over year is a dumb metric to look at.  Month over previous month is what you should be looking at.

Too many of the commodities in the index are too volatile to do it month over month.  Fuel prices can change 10% a week pretty easy.  That would make the index almost useless due to statistical noise.


It is very unlikely for inflation to go down significantly month to month.  If you do it from past year, than every single time it will show high inflation because there was high inflation six months ago that has stopped but not retreated.  By looking at year over year numbers, it looks like it's still currently bad, even though it has basically stopped.
 
Lord Bear
2022-11-16 7:13:04 PM  
Geotpf:
It is very unlikely for inflation to go down significantly month to month.  If you do it from past year, than every single time it will show high inflation because there was high inflation six months ago that has stopped but not retreated.  By looking at year over year numbers, it looks like it's still currently bad, even though it has basically stopped.

That's somewhat true, but month to month numbers are almost meaningless for volatile and seasonal commodities.  Its rare that there is a single huge spike in inflation numbers except for things like war.  Inflation tends to be more gradual.
 
jdlenke
2022-11-17 1:30:52 AM  

sirrerun: Ni.ce


Came.....to do that very thing.
 
Needlessly Complicated [TotalFark]
2022-11-17 12:10:50 PM  
Fun interrupted by a period.... of economic turmoil.
 
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