How’s Rachael from accounts getting on…..

[motorbiking]

looks like he seriously struggles with basic maths

yep he thinks there are two months between a month.

 

[Deleted member 323070]

Has the figure for the two months increased by 34.6% yes or no

The rate of inflation, or the inflation rate is measured by comparing prices at the start of one time period with the prices at the end of that time period.

They are not measured by comparing this time period's figure with the figure after the last measured period.

You, and mbk, are confused with "The rate of Change".

Here's an explanation for you:

. What is a Rate of Change?

• The rate of change describes how quickly a variable changes in relation to another variable, usually time.
• It's a way to quantify the speed or direction of a change.

 

[motorbiking]

Lets break this down.

Is 3.5 34.6% more than 2.6?

 

[Deleted member 323070]

Lets break this down.

Is 3.5 34.6% more than 2.6?

Then you and gas should refer to the rate of Change, not the rate of inflation.



Here's a better explanation in the field of finance.

Rate of Change Definition, Formula, and Importance​

Rate of Change Definition, Formula, and Importance

The rate of change (ROC) is the speed at which a variable changes over a specific period of time. Learn why rate of change matters in investing and finance.

www.investopedia.com

 

[gas112]

The rate of inflation, or the inflation rate is measured by comparing prices at the start of one time period with the prices at the end of that time period.

They are not measured by comparing this time period's figure with the figure after the last measured period.

You, and mbk, are confused with "The rate of Change".

Here's an explanation for you:

yet again making stuff up that i never wrote a trait you have in both your log in names

 

[Deleted member 323070]

yet again making stuff up that i never wrote a trait you have in both your log in names

Are you denying that these are your words?

poor old rachel 34% increase in the inflation rate in a month

Where you claimed that the rate of inflation was 34%?

 

[gas112]

Are you denying that these are your words?

Where you claimed that the rate of inflation was 34%?

i never claimed the inflation rate was 34% do you have trouble reading the actual words written

 

[blup]

My window cleaners charges have gradually gone up from £15 to 35 over three years and he blames it all on the PM

 

[Deleted member 323070]

i never claimed the inflation rate was 34% do you have trouble reading the actual words written

You're beyond help:

poor old rachel 34% increase in the inflation rate in a month

 

[gas112]

You're beyond help:

now does that say the inflation rate is 34%
Or is it saying there is a 34% increase on the inflation rate do try and keep up

 

[Deleted member 323070]

now does that say the inflation rate is 34%

Yes!

Or is it saying there is a 34% increase on the inflation rate do try and keep up

If you are referring to the Rate of Change, then you've described your imaginary comparison incorrectly.
There is no normal rate of change for the inflation rate.
It is a simple measure over time, either over a month or over year.

if your attempt was to invent a measure, then you should have used acceleration as a model, which does measure a rate of change.
as in (end speed - initial speed) / time. As speed is expressed as distance per time, you end up with a unit for acceleration as per sec per sec, or per sec²
So any calculation in Rate of Change of inflation will end up as %/month/ month or %/ month²

If we follow the model of acceleration we have this months inflation rate - last months inflation rate per time unit²

That would give you 3.4 - 2.5 per month²

That Rate of Change would work out as 0.9%/month²

Does that hold any resemblance to your invented measure of Rate of Change?

 

[mitch66]

I thought the rate of change was the speed of change. Follow the science lol.

 

[motorbiking]

poor old rachel 34% increase in the inflation rate in a month

100% Clear.

It was X, its now Y and Y is 34% more than X.

 

[Deleted member 323070]

I thought the rate of change was the speed of change. Follow the science lol.

Same thing. Rate=speed.

Acceleration is the rate of change of speed, or the speed of change of speed, hence the /sec²

But in Inflation there is no measure for rate of change of inflation. It is a simple rate of inflation comparing prices at the start of the time period with the prices at the end of the time period.
So in gas' model it would be comparing the prices at the beginning of a time period (month 1) with the prices at the end of the other time period (month 2 ) which would be expressed as a % /2 months.
There is no measure for the inflation of a time period compared to the inflation of a different time period.
Well there might be in gas' and mbk's world. But there isn't one in the real world.

 

[Deleted member 323070]

100% Clear.

It was X, its now Y and Y is 34% more than X.

That's an invented comparison, It doesn't exist in the real world.
It would be like saying 10 mph at the start and 60 at the end, so that makes acceleration (rate of change) as 16.66%, which is nonsense.