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A little known fact about yesterday's CPI numbers: they weren't as inflationary as you would have otherwise thought. It all comes down to decimals and rounding.
What The Headlines Reported
What The Actual Figures Were
Annual Impact of Decimal Rounding
Those annual figures are astounding (and extremely dangerous).
The rounding from three decimals places to one really warps the interpretation of the data. After all, without three decimal reporting, Ty Cobb is a career .4 hitter and Ted Williams is no more special than Ginger Beaumont at .3.
Interpreting economic growth requires precision and the current rounding-in-reporting method is anything but.
Dan Green (NMLS #227607) is an active loan officer with Waterstone Mortgage. Email Dan ator click to get a free, no-obligation rate quote.
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