Liberal Forum

Cannonpointer » 12 Jul 2024, 10:43 am » wrote: ↑

12 Jul 2024, 10:43 am

Have at it, ******:

"How a tenth of a percent price drop brings five months at 3.3% down to 3% is some mathematics they don't teach at the various JuCos and community colleges I attended. The way my math works, a growth rate of 3.3% per annum over a 5 month period would put prices up by 5/12ths of 3.3%, which comes to a 1.375% increase over those five months. So, a basket of goods costing 100 bucks on 1 January would cost 101.37(5) on 30 May. 

Okay, take one tenth of one percent off the cost off that basket, and that basket now costs 101.27(5). One tenth of one percent of 101.37(5) is a dime. Plus a bit over a tenth of a penny. A tenth of a percent drop in one month does not bring 3.3% inflation down to 3% inflation, as best my intermediate algebra chops can cipher."