Don’t be confused. Soon he’ll take to the microphone to explain that 8.2% is really zero. Then everything will be ok
Not this month, the monthly increase was 0.4%.
“Shut up, he explained.”
Aug 2021 5.3% $100.00 X 5.3% = %5.30 + $100.00 = $105.30
Sep 2021 5.4% $105.30 X 5.4% = $5.69 + $105.30 = $110.99
Oct 2021 6.2% $110.99 X 6.2% = $6.88 + $110.99 = $117.87
Nov 2021 6.8% $117.87 X 6.8% = $8.02 + $117.87 = $125.88
Dec 2021 7.0% $125.88 X 7.0% = $8.81 + $125.88 = $134.69
Jan 2022 7.5% $134.69 X 7.5% = $10.10 + $134.69 = $144.79
Feb 2022 7.9% $144.79 X 7.9% = $11.44 + $144.79 = $156.23
Mar 2022 8.5% $156.23 X 8.5% = $13.28 + $156.23 = $169.51
Apr 2022 8.3% $169.51 X 8.3% = $14.07 + $169.51 = $183.58
May 2022 8.6% $183.58 X 8.6% = $15.79 + $183.58 = $199.37
Jun 2022 9.1% $199.37 X 9.1% = $18.14 + $199.37 = $217.51
Jul 2022 8.5% $217.51 X 8.5% = $18.49 + $217.51 = $236.00
Aug 2022 8.3% $236.00 X 8.3% = $19.59 + $236.00 = $255.59
Simple total: 97.4% inflation per the year.
CUMULATIVE inflation per $100 in the last 12 months = $255.59 =
155.59%, means for every $100 you spent for goods and services in
August of 2021, you now spend $155.59 more for a total of $255.59.
https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us/