Um...
Yup..
I think you might have misread..
However...
Because they aren't doing the math properly. This is basic 5th grade math people.
Percentage increase calculator finds the increase from one value to another as a percentage of the first value. Shows you how to find percentage increase with percent increase formula.
www.calculatorsoup.com
To the find the percent increase, first subtract the initial value from the final value. Then take the difference and divide it by the initial value. Finally, multiply this number by 100 to convert the number to a percentage. This final result will represent the percent increase between the two values. So;
35481 - 31854 = 3627
3627 / 31854 = 0.1138632511
0.1138632511 * 100 = 11.38632511
The difference is 11.38% aprox.
EDIT:
All that said. 11.3% is a solid increase gen on gen.