It’s saying they’ve increased 9 or 10 percent over 3 months. There’s 12 months in a year (annualized), which if that rate continues for a year that’d then be 40-50 percent annualized.
I know what they were trying to say. That’s not what they said, though.
Saying something is x% more expensive than y period of time ago (if you multiple it by a different number to pretend it’s a much longer period) is just nonsense, because in the end it is not that much more expensive over the defined period.
It’s saying they’ve increased 9 or 10 percent over 3 months. There’s 12 months in a year (annualized), which if that rate continues for a year that’d then be 40-50 percent annualized.
I know what they were trying to say. That’s not what they said, though.
Saying something is x% more expensive than y period of time ago (if you multiple it by a different number to pretend it’s a much longer period) is just nonsense, because in the end it is not that much more expensive over the defined period.
They literally didnt say that