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progree

(12,375 posts)
3. That "2.9% annual rate" is the last 12 months with half the data 6 months and older
Mon Sep 22, 2025, 09:56 PM
Sep 22

Last edited Tue Sep 23, 2025, 01:37 AM - Edit history (2)

It's the year-over-year number (Aug 2025 over August 2024). It's the cumulative increase over the last 12 months.

What people are feeling now is current or recent inflation, which is an upturn from musty old numbers:

The CPI (consumer price index) rise averaged 3.5% over the past 3 months on an annualized basis (core CPI: 3.6%)
The August one month increase annualized is: CPI: 4.7%, (core CPI: 4.2%)



More from where the graphs came from: https://www.democraticunderground.com/10143528031#post12

Yes Virginia, we have a rising inflation problem. It's not May anymore. And it sure as hell isn't 2.9% lately. That's a year-over-year number, the cumulative increase of the last 12 months.

Legitimacy of emphasizing and annualizing the last 3 months -- As the primary GDP measure in its quarterly GDP reports, The Dept of Commerce has for decades headlined the quarterly increase in GDP, annualized. So my emphasis on the last 3 months of consumer price data, annualized, is not a fringe ring-ring-ring-a-ding-dong idea.

https://www.bea.gov/news/2025/gross-domestic-product-2nd-quarter-2025-second-estimate-and-corporate-profits-preliminary

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