apply a monthly inflation rate of 2.7
I don't think the inflation rate is supposed to be compounded on a month to month basis. 2.7 is supposed to track changes in the consumer price index over the course of the entire year.
At least here in central europe, inflation rate is always monthly
Unless you live in a country with hyperinflation, it's always month x of year y, compared to month x of year y-1.
No. It's calculated each month for the previous 12 months.
I just think they're neat!
I don't think the inflation rate is supposed to be compounded on a month to month basis. 2.7 is supposed to track changes in the consumer price index over the course of the entire year.
At least here in central europe, inflation rate is always monthly
Unless you live in a country with hyperinflation, it's always month x of year y, compared to month x of year y-1.
No. It's calculated each month for the previous 12 months.