Great piece! You slightly touched on this idea, but there is also the "base effect," where inflation rises throughout March, April, May of 2021 because the base months used in computations are March, April, May of 2020 - hence then % increase seems very large because there was a massive dip in spring 2020. I also love your insistence on nuance and productive discussions!
That's a really good point that I definitely overlooked. When I went back and read articles about the increase in consumer prices, it was interesting to see how the publishers seemed to minimize that detail. Thanks for reading and your feedback!
Great piece! You slightly touched on this idea, but there is also the "base effect," where inflation rises throughout March, April, May of 2021 because the base months used in computations are March, April, May of 2020 - hence then % increase seems very large because there was a massive dip in spring 2020. I also love your insistence on nuance and productive discussions!
That's a really good point that I definitely overlooked. When I went back and read articles about the increase in consumer prices, it was interesting to see how the publishers seemed to minimize that detail. Thanks for reading and your feedback!