Comments on: Slow Progress for Inflation https://eyeonhousing.org/2023/02/slow-progress-for-inflation/ National Association of Home Builders Discusses Economics and Housing Policy Thu, 30 May 2024 18:24:17 +0000 hourly 1 By: John P. White https://eyeonhousing.org/2023/02/slow-progress-for-inflation/#comment-2105659 Wed, 15 Feb 2023 16:34:06 +0000 https://eyeonhousing.org/?p=33069#comment-2105659 Measuring the inflation rate by comparing the current rate to that of the same month in the previous year can be deceptive. If the inflation rate in the previous year was high, the rate for the current month can be deceptively low. When a period of high inflation exceeds beyond a year, I believe a more accurate indicator is to add the current inflation rate to the previous year’s rate. It is my opinion that comparing the inflation rates for the same months of 2021 and 2022 provides a much clearer picture and explains why few are feeling any improvement. Here is a sample:

October November December January
2021 6.2% 6.8% 7.0%
2022. 7.7% 7.1% 6.5% 7.5%
2023 6.4%

Total 13.9% 13,9% 13.5% 13.9%

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