2 Comments
author

I prefer the seasonally adjusted as well as they are better revealing of the underlying inflationary pressures. Most likely I think it is a matter of preferences given that differences are not big.

Expand full comment

Interesting that media reports and the BLS itself emphasise the 12 month change on a not seasonally adjusted basis, whereas you use sa dat (which is what I do). NSA chages are slightly lower. Is there any good reason for using NSA 12 month rates of change?

Expand full comment