Stopwatches count in centiseconds?

Have I been misguided all my life, or do stopwatches actually count in centiseconds, and not milliseconds, as I’ve been led to believe? The conventional stopwatch that I use is in the format of MM:SS:(CC). Since there are only two digits in the last section, the watch is counting in 1/100th of a second, which is a centisecond by definition.

Or, 10 milliseconds…

But when you report the times, most people would say “it was greater by a millisecond” or “3 minutes and 2 milliseconds”. That would be inaccurate, correct?

If they said that, it would be inaccurate. I’ve never heard anyone say that though - I only recall people saying ‘slower by two hundredths of a second’ - when they’re using a timer that measures in 100ths of a second.