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However, from December 1982 through December 2011, the all-items CPI-E rose at an annual average rate of 3.1 percent, compared with increases of 2.9 percent for both the CPI-U and CPI-W. [28] This suggests that the elderly have been losing purchasing power at the rate of roughly 0.2 (=3.1–2.9) percentage points per year.
History of inflation in the US from Jan 1914 - Mar 2009. Year-over-year data calculated for each month using (This year-last year)/last year: Date: 27 April 2009: Source: CPI-U (all urban consumers, U.S. cities average) data from Department of Labor / Bureau of Labor Statistics . Author: Lalala666: Other versions: longer time-scale
FRASER (The Federal Reserve Archival System for Economic Research) is a digital archive begun in 2004 to safeguard, preserve and provide easy access to the United States’ economic history—particularly the history of the Federal Reserve System—through digitization of documents related to the U.S. financial system. [6]
As the 1980s started with a recession, the inflation rate hit its highest point since 1947. While falling and rising multiple times over the decade, inflation rates mostly stayed above 3%. 1980: 13.5%
The 1974-1975 inflation peak looks very similar on the chart to the 2022 peak and decline. However, in 1977, inflation turned back up and made a new high and continued that cycle for another 5-6 ...
Conversely, the average price per gallon during Biden’s presidency so far is $3.61 — 40% more than even Trump’s higher average. Gas peaked at over $5 for the first time ever in June 2022.
Historical inflation, using data from (pre-1913: McCusker study; post-1913: CPI-U [annual averages]) Pre-1774 data can be found in How Much is that in Real Money?: A Historical Price Index for Use as a Deflator of Money Values in the Economy of the United States [0-944026-33-8] McCusker (not shown in linked source)
The dynamic is reflected in the chart below, which shows low-income inflation increases outpacing those for the other four quintiles since 2006, and over a nearer-term timeframe.