Originally Posted by
Andy
Compounded on an annual basis? Monthly basis? Both? Some other way?
I understand why one would go with compounded, but it's likely that the 20% number will be spread over 3 years and is additive. And then you probably need to calculate 2022 full year, 2023, and 2024 inflation.
The inflation data in the manner you presented it would be compounded annually, then monthly. If you just simply use the inflation calculator on the BLS site, it seems like it compounds monthly and gives a slightly higher number.