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Trump refuses to share pre-holiday inflation report — first skipped month in 12 years (www.rawstory.com)

submitted 1 month ago by CubitOom@infosec.pub to c/economy@lemmy.world

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The federal agency will skip the postponed October report on the Producer Price Index and instead roll those figures into November's report, which will be published Jan. 14, reported the Wall Street Journal.

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[–] fonix232@fedia.io 3 points 1 month ago (1 children)

I said average - and that average was offset by the fact that during COVID (which does fall into the "past 5 years" period), inflation was pretty high "on paper" at 12% (at the time it felt much closer to 30-40%).

Recent years had "okay" inflation of 2-4%.

[–] jacksilver@lemmy.world 5 points 1 month ago

Oh yeah, I understand. I was just pointing out that compounding interest (even just on a yearly basis) adds up quick.