Another chart says the inflation rate for 200-2003 was 1.57% (Ask Alan Greenspan):limit said:It is interesting that you fail to notice or even understand the chart
According to the chart the assumption of 3% is only for 2002 and 2003, not the previous years.
So according to the chart even if the 02 - 03 numbers are incorrect the rest of the graph back to 83 is not.
Furthermore: even with the smaller numbers for future projections the trend will be still downwards, but not as much.
And by the way, 3% is the standard used by economists when the want to project inflation numbers in the future.
Thanks for noticing.
http://inflationdata.com/Inflation/images/...n%20_Decade.gif
As I stated in my previous post, I only wanted to feel a Little better. 😉