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Comment by bryanlarsen | Hacker News Reader

> It's now much higher and very evidently out of control.

Monthly inflation is slowing, and is at an annualized 4.8%. We had a big spike in the summer/fall that's still showing up in our annual figures, but inflation itself is coming under control.

https://news.ycombinator.com/item?id=30289147

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0.6% monthly inflation annualized isn't 4.8%. Not really sure how you got 4.8%, but the computation you want is 1.006^12 = 1.0744, about 7.4% (which also happens to match the annualized figures).

A year has 8 months, doesn't it?

Coincidentally government transfer payments funded by deficit spending reached a new low for the year [1]. I'd also add CPI underestimates true inflation because it uses hedonic adjustments, but in real life consumers don't keep buying crappier and crappier products. If you use 1980 methodology for computing CPI it's around 15% annualized now [2].

[1]: https://www.wsj.com/articles/u-s-government-recorded-119-bil...

[2]: http://www.shadowstats.com/alternate_data/inflation-charts

>Monthly inflation is slowing, and is at an annualized 4.8%. We had a big spike in the summer/fall that's still showing up in our annual figures, but inflation itself is coming under control.

https://tradingeconomics.com/united-states/inflation-rate-mo...

Maybe that would have been believable in August. No way I can look at that graph and say it's slowing.

https://tradingeconomics.com/united-states/inflation-cpi

That's a gigantic 7.5%. A butt puckering 7.5%.

Yeah but they're a brand new user who is claiming that everything is terrible!

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