Times chart to 1005/21/2023 Inflation: Early Historyīetween the founding of the U.S. To show current price levels in context, this Markets in a Minute chart from New York Life Investments shows the history of inflation over 100 years. However, other variables, such as a growing money supply and rising raw materials costs, could factor into rising inflation. Given how the economic shock of COVID-19 depressed prices, rising price levels make sense. By comparison, inflation sits around 2.5% as of June 2021.įor context, recent numbers are just above rates seen in 2019, which were 2.3%. In 2020, inflation dropped to 1.4%, the lowest rate since 2015. The consumer price index (CPI), an index used as a proxy for inflation in consumer prices, offers some answers. This infographic is available as a poster.
0 Comments
Leave a Reply. |