Subject: Re: Inflation Surges Again
The way inflation is reported by the media always bugs me. They use a twelve month trailing average, which hides recent trends. The CPI rose monthly by 0.9%, 0.6%, and 0.5% over last three months. Over these months, since the war with Iran began, the annualized inflation rate has been 8.2%.

Good point. I approve of your math:

• 1.009 * 1.006 * 1.005 = 1.02 (a 2% increase over the past 3 months)

• 1.02 ^ 4 = 1.0824 (a 8.24% increase over 1 year)