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Shock As Cpi6 Hits Target

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I guess some of you are familiar with the Consumer Price Index (CPI), and the CPI12, which shows the increase in the index over a rolling 12 period. It is the CPI12 that tends to get reported in the media, and came in unchanged today at 1.8%.

Well,I thought I'd look at changes to the index over the last six months, looking at changes from the index in Jan, to the index in July: seven months, but only six changes. Hence, CPI6. Here's a link to the data:

CPI and CPI12

Anyway, it comes to an increase of 2% in consumer prices over six months.

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I didn't know CPI12 had a name, but I knew the published CPI was the one over 12 months.. but now I know. Interesting that the snapshot is up and CPI12 is lower, this suggests that CPI is on the way up?

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