Year To Year Inflation at 8%

Interesting and insightful methodology, I would say, having read through the details of what they do. One issue I would have with this would be that, due to its extreme volatility, base effects will be much more significant. That implies that at any given point a particular YoY number would be a lot less meaningful. However, it's a good data point and the fact that more of this type of information becomes available (e.g. the MIT BPP, now known as PriceStats) is very encouraging.
 
Quote from Martinghoul:

Interesting and insightful methodology, I would say, having read through the details of what they do. One issue I would have with this would be that, due to its extreme volatility, base effects will be much more significant. That implies that at any given point a particular YoY number would be a lot less meaningful. However, it's a good data point and the fact that more of this type of information becomes available (e.g. the MIT BPP, now known as PriceStats) is very encouraging.
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Agree, the MIT project is awesome. Though this stuff isn't good for your Central Bank friends, MG :)
 
Quote from Tsing Tao:
Agree, the MIT project is awesome. Though this stuff isn't good for your Central Bank friends, MG :)
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Ha, not sure about that... Should be good for everyone from where I'm sitting.
 
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