Not Your Grandfather’s Inflation, Part 2

Well, that should settle it. The June CPI came in 5.32% ahead of last year and up 3.00% per annum on a two-year stacked basis. So much for the “base effect”, therefore, and the “averaging over time” ruse, as well. The five-year CAGR (from June 2016) was up 2.44% per annum and the six-year stack […]
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