| ▲ | giantg2 3 hours ago | |
I think you're misinterpreting me. The overall inflation increase attributed to food and fuel increases is 1%. | ||
| ▲ | AnimalMuppet an hour ago | parent [-] | |
I still don't think that's right. You have food and fuel, which is some fraction of the economy - call that F. You have a rate of inflation in fuel and food - call that f. And you have a rate of inflation in everything else - call that e. Then you have
You also have e = 2.8.I think what you're claiming is that fF = 1.0, so that e(1-F) = 2.8. And I think that's wrong. When they say inflation apart from food and fuel is 2.8, they mean e, not e(1-F). | ||