The CCL has nothing to do with inflation.
Nothing could be more obvious.
The dolar CCL (and blue, and MEP) almost never move with inflation. If you are a follower of this thread, you already know that. You wouldn't have felt the double penalty of the terrible inflation here of late, combined with your transfer amounts going down, or going up much less than they should if they were adjusting for that inflation.
In fact, over the years, these things (CCL, etc.) go down (or at least don't go up) for long stretches of time, while the inflation never stops.
Two recent examples (I'll use the blue, because I have a chart with prices, but the others moved percentage-wise relatively closely with the blue):
-- From the end of October, 2020, to early April, 2021, the blue fell more than 28%, and didn't regain what it lost until a year later, at the end of October, 2021
-- From the end of January, 2022, to the middle of April, 2022, the blue fell 12%.
In both these cases (and many, many others similar), inflation, as usual, was raging.
If the CCL (or the others) are to be considered indications of inflation, they must move with inflation, they must correlate with it.
They don't even come close.
Nothing could be more obvious.
The dolar CCL (and blue, and MEP) almost never move with inflation. If you are a follower of this thread, you already know that. You wouldn't have felt the double penalty of the terrible inflation here of late, combined with your transfer amounts going down, or going up much less than they should if they were adjusting for that inflation.
In fact, over the years, these things (CCL, etc.) go down (or at least don't go up) for long stretches of time, while the inflation never stops.
Two recent examples (I'll use the blue, because I have a chart with prices, but the others moved percentage-wise relatively closely with the blue):
-- From the end of October, 2020, to early April, 2021, the blue fell more than 28%, and didn't regain what it lost until a year later, at the end of October, 2021
-- From the end of January, 2022, to the middle of April, 2022, the blue fell 12%.
In both these cases (and many, many others similar), inflation, as usual, was raging.
If the CCL (or the others) are to be considered indications of inflation, they must move with inflation, they must correlate with it.
They don't even come close.