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

submitted 1 week ago by CubitOom 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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[–] jacksilver@lemmy.world 5 points 1 week ago (1 children)

I mean 5% inflation is a pretty high rate. At 5% YoY you'd have prices up ~30% in 5 years.

If that rate is uneven (lower/higher across different segments of the purchasing basket) you could get towards 50% inflation in some areas.

[–] fonix232@fedia.io 3 points 1 week 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 4 points 1 week ago

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