Your submission is now in Draft mode.

Once it's ready, please submit your draft for review by our team of Community Moderators. Thank you!

Your essay is now in Draft mode

Once you submit your essay, it will be available to judges for review and you can no longer edit it. Please make sure to review eligibility criteria before submitting. Thank you!

Submit Essay

Once you submit your essay, you can no longer edit it.

Pending

This content now needs to be approved by community moderators.

Submitted

This essay was submitted and is waiting for review by judges.

Inflation above 3% in 2022

Question

This question is linked to a fortified essay by Arnold Kling on two competing theories of inflation. The resolution of this question is meant to support or undermine his preferred theory. Read the essay to learn more about how this question applies to the 'Government Debt Theory' of inflation.


The CPI, or Consumer Price Index, is one of the most widely used measures of inflation by investors. Created by analyzing the price of a certain basket of widely used, urban consumer goods over time with relation to a base time, the CPI can show either monthly or yearly price fluctuations. The CPI for specific cities, types of goods, and by wage-earners can also be calculated. Complete CPI data is released monthly by the US Bureau of Labor Statistics (series CUUR0000SA0L1E).

If the CPI rises, showing a positive percent increase in inflation, goods will become more expensive in the future, thereby decreasing the purchasing power of savings and increasing the amount necessary to pay back on loans of all kinds.

Will the core CPI rise by more than 3% between December 2021 and December 2022?

This resolves according to data by the US Bureau of Labor Statistics (series CUUR0000SA0L1E).

Make a Prediction

Prediction

Note: this question resolved before its original close time. All of your predictions came after the resolution, so you did not gain (or lose) any points for it.

Note: this question resolved before its original close time. You earned points up until the question resolution, but not afterwards.

This question is not yet open for predictions.

Current points depend on your prediction, the community's prediction, and the result. Your total earned points are averaged over the lifetime of the question, so predict early to get as many points as possible! See the FAQ.

Metaculus help: Predicting

Predictions are the heart of Metaculus. Predicting is how you contribute to the wisdom of the crowd, and how you earn points and build up your personal Metaculus track record.

The basics of predicting are very simple: move the slider to best match the likelihood of the outcome, and click predict. You can predict as often as you want, and you're encouraged to change your mind when new information becomes available.

The displayed score is split into current points and total points. Current points show how much your prediction is worth now, whereas total points show the combined worth of all of your predictions over the lifetime of the question. The scoring details are available on the FAQ.

Thanks for predicting!

Your prediction has been recorded anonymously.

Want to track your predictions, earn points, and hone your forecasting skills? Create an account today!

Track your predictions
Continue exploring the site