What's Happening With the Months That Are Being Dropped?

The annual inflation rate is the product of not just each month's new inflation rate, but also what was going on with inflation in the same month a year ago. If you had zero point nine % inflation each month, you'd have yearly inflation of about 11%. But rob says that inflation for this june could come in even higher. The land fed has an inflation prediction model called the inflation now cast and it puts inflation for this past june at zero point nine 7% - slightly higher than the month it replaces.