### Comment:
That makes more sense lol, I figured YoY meant Q3 2018 vs Q3 2019 growth rates. Is it not inflation adjusted though? So the inflation of prices are included in the forecast?

### REPLY:
(1 + Q3 2019 growth rate above inflation) ^ 4 
  
 So working backwards, CPI was 0.24% in ~~~Q4~~~ Q3, and annualized growth is 1.9% in Q3. 
  
 So nominal GDP growth in Q3 2019 was somewhere around 0.71%, give or take a few hundreths of a %.

### END.