Inflation already back down to 2% target according to “instantaneous inflation” calculation #Inflation #target #instantaneous #inflation #calculation


Inflation previously again down to 2% goal in accordance to “instantaneous inflation” calculation

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Comments (7)

  • longlegsq Reply

    This is, like, a new category of hopium

    January 24, 2023 at 10:46 am
  • ride_the_LN Reply

    This is a good game. Let us leave reality behind and eat the desserts and cakes of our dreams.

    January 24, 2023 at 10:46 am
  • Miffers Reply

    The price remains high, it just stopped growing

    January 24, 2023 at 10:46 am
  • bitsteiner Reply

    So when will my rent or my grocery bill go down again?

    January 24, 2023 at 10:46 am
  • SkyMarshal Reply

    The main measure of inflation, the CPI, is normally calculated as a 12-month average of monthly price/inflation data (an oversimplication, see linked paper for details). This is to smooth out variations and errors in data collection, mainly. As a result it is a trailing indicator of inflation.

    [Instantaneous inflation](https://www.janeeckhout.com/wp-content/uploads/Instantaneous_Inflation.pdf) is instead a measure of spot inflation at the moment. It is more susceptible to distortion from variations and errors in data collection, but also provides a more immediate view of current levels of inflation.

    Current data shows instantaneous inflation is already around the Fed’s target 2% level. Returning to this level of inflation is a necessary (but not sufficient) pre-condition for another Bitcoin bull run.

    January 24, 2023 at 10:46 am
  • Alwaysfavoriteasian Reply

    Huh?

    January 24, 2023 at 10:46 am
  • dadlif3 Reply

    My grocery bill disagrees.

    January 24, 2023 at 10:46 am

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