The overall rate of inflation may have fallen dramatically, but the big picture is more complicated

  • CaptainFlintlockFinn@lemmy.ca
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    1 year ago

    I’d like to see this year compared to two years ago. I’m no statistician so I don’t know how to do that math (do you just add the ~7% from last year and the ~3% from this year together?).

    • mindcruzer@lemmy.ca
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      1 year ago

      Almost. An increase of 7% is: 1 + 0.07 = 1.07. A further 3% increase is 1.03 times that, which results in 1.07 x 1.03 = 1.102 or a 10.2% increase.