Large because I used this methodology in 2018 as a way of showing why people invested in real assets when CPI was volatile enough to mean that inflation expectations departed from central banks anchored target ...


My version ... and if you use the trailing 5 yr CPI and include the 2018-2023 data ... the trailing average looks alot like the border zone between the grey and the gold dots ... volatile but not sustained 70s volatility ... at this point ...