U.S. inflation in the 1970s and now
Front-Page Graph of U.S. CPI Inflation in Today’s NYT Illustrates Big Difference in Current Spike from the 1970s Experience
July 14, 2022
It’s a difference noted before in this blog. The inflation that former Fed Chairman Volcker eventually slew was felt in three, each larger than the previous one and altogether encompassing fifteen years. The first wave from CPI inflation of a half-percent to a peak around 6% played out over five years. Inflation then receded back […] More
