U.S. monthly food inflation for Nov: 1/2 of 1%, Good News!

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https://amp.cnn.com/cnn/2022/12/13/econ ... index.html

This is relatively good news.

Now, half a percent multiplied by 12 months is 6% for the year, which is higher than healthy for a modern economy. [inflation around 3% is probably the healthiest]

Oh, I know we’re a smart bunch here at WP. So, the really correct way is 1/2 of 1% compounded over the course of twelve months, which equals just a shade under 6.2% for the year.

Again, not quite out of the woods yet, but relatively good news.

And November “core inflation” is even lower.

Last edited by AardvarkGoodSwimmer on 13 Dec 2022, 10:00 pm, edited 1 time in total.

But I thought that the press has decided that the public doesn't want positive news?

And I’ll admit that I like bad news and controversy as much as the next person!

But all the same, I do want to learn how to look up basic economic numbers.