@[email protected] to [email protected] • 1 year agoBy the numbers: Not seeing the inflation drop reflected in your wallet? You’re not alonetvo.orgmessage-square6fedilinkarrow-up110arrow-down10file-text
arrow-up110arrow-down1external-linkBy the numbers: Not seeing the inflation drop reflected in your wallet? You’re not alonetvo.org@[email protected] to [email protected] • 1 year agomessage-square6fedilinkfile-text
minus-square@[email protected]linkfedilinkEnglish1•edit-21 year agoAlmost. An increase of 7% is: 1 + 0.07 = 1.07. A further 3% increase is 1.03 times that, which results in 1.07 x 1.03 = 1.102 or a 10.2% increase.
minus-square@[email protected]linkfedilinkEnglish1•1 year agoThank you. So when they say inflation was ‘only’ ~3% they’re making it sound better than it really is. 🤮
Almost. An increase of 7% is: 1 + 0.07 = 1.07. A further 3% increase is 1.03 times that, which results in 1.07 x 1.03 = 1.102 or a 10.2% increase.
Thank you. So when they say inflation was ‘only’ ~3% they’re making it sound better than it really is. 🤮