simpsonsshitposting

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Go on then (sh.itjust.works)

submitted 5 days ago by StarvingMartist@sh.itjust.works to c/simpsonsshitposting@sh.itjust.works

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[–] TranscendentalEmpire@lemmy.today 37 points 5 days ago (1 children)

apply a monthly inflation rate of 2.7

I don't think the inflation rate is supposed to be compounded on a month to month basis. 2.7 is supposed to track changes in the consumer price index over the course of the entire year.

[–] Microw@piefed.zip -2 points 5 days ago (2 children)

At least here in central europe, inflation rate is always monthly

[–] PartyAt15thAndSummit@lemmy.zip 8 points 4 days ago

Unless you live in a country with hyperinflation, it's always month x of year y, compared to month x of year y-1.

[–] wewbull@feddit.uk 6 points 4 days ago

No. It's calculated each month for the previous 12 months.