Because of CPI index rounding, the smallest possible change in the late-1950s index translated into an approximately 4-percentage-point swing in annualized 1-month inflation, while by the early 1980s the equivalent effect was roughly one-third as large.
Sources
- Was There a Great Moderation for Inflation Volatility? (federalreserve.gov)
- https://www.bls.gov/opub/mlr/2006/10/art5full.pdf (bls.gov)
- https://www.kansascityfed.org/documents/5269/pdf-rwp99-08.pdf (kansascityfed.org)
More in Science
- The sea surface temperature anomaly climatology used for such calculations was published by Reynolds and Smith in 1995.
- The 2020–2025 Dietary Guidelines for Americans recommend consuming no more than 2,300 milligrams of sodium per day.
- Between 1980 and 2000, relative fat consumption in the United States declined while obesity and diabetes rates increased.
- Classical physics is still used in much of modern science and technology despite the development of quantum mechanics.
- Two La Niñas on record occurred two years after an El Niño, with a neutral year in between.
- The 2015 Dietary Guidelines Advisory Committee's draft report stated: 'Cholesterol is not considered a nutrient of concern for overconsumption.'