ACCUMULATING PERIPHERALS


VN June inflation down to 2.1%, world fails to grasp point by mattsteinglass
June 28, 2008, 2:59 pm
Filed under: Economics

Vietnam’s June inflation numbers came in at 2.1% month on month, down from 3.9% in May. For some reason Bloomberg and others report this is an acceleration to nearly 27% year on year, above 25% in May. This is a silly way to report the numbers, since what’s happening is simply that the 12-month period in which year on year inflation is measured now contains fewer of the low-inflation months from before inflation started ticking up last fall. The main point is that the month on month rate fell.

I am less impressed these days with the way the financial press does its job than I used to be. More on this later when my kids stop screaming at me.

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