The August Consumer Price Index (CPI) data is out and this is my monthly update to the projected annual inflation.
If you want more explanation of how I arrive at these numbers visit the May 2008 post. For information on why I am including the December 2007 numbers in these calculations see the June 2008 post.
The inflation so far for 2008:
Southeast = [ ( 212.387 – 203.457 ) / 203.457 ] * 100 = 4.39%
National = [ ( 219.086 – 210.036) / 210.036 ] * 100 = 4.31%
Average month to month change in 2008:
National CPI | Southeast CPI | National ? | Southeast ? | |
12/2007 | 210.036 | 203.457 | ||
01/2008 | 211.080 | 204.510 | 1.044 | 1.053 |
02/2008 | 211.693 | 205.060 | 0.613 | 0.550 |
03/2008 | 213.528 | 206.676 | 1.835 | 1.616 |
04/2008 | 214.823 | 208.085 | 1.295 | 1.409 |
05/2008 | 216.632 | 210.006 | 1.809 | 1.921 |
06/2008 | 218.815 | 212.324 | 2.183 | 2.318 |
07/2008 | 219.964 | 213.304 | 1.114 | 0.980 |
08/2008 | 219.086 | 212.387 | (0.878) | (0.917) |
Average | 1.127 | 1.116 |
Est. Southeast CPI = 212.387 + ( 4 * 1.116 ) = 216.851
Est. National CPI = 219.086 + ( 4 * 1.127 ) = 223.594
Estimated inflation for 2008:
Southeast = [ ( 216.851 – 203.457 ) / 203.457 ] * 100 = 6.58%
National = [ ( 223.594 – 210.036 ) / 210.036 ] * 100 = 6.46%
Getting better – significantly better than last month even. Still a ways to go back to “normal” though.
A financial crisis I mean.
Getting better – significantly better than last month even. Still a ways to go back to “normal” though.
Well, khm, there is a in the world.