this post was submitted on 20 Dec 2023
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Does he mean 138% as 38% more than previously, or 238% of what it used to be?
The latter. They're saying the rate is over double what it was before. It apparently fell to 5.2% in 2021 and jumped to 12.4% in 2022. That 7.2% jump is 138% of the 2021 value making it 238% of what it used to be, or as he post said it a 138% increase