What were the historical inflation rates in the U.S. over the last century?

What were the historical inflation rates in the U.S. over the last century?

The historical inflation rates in the U.S. have varied significantly. For example, in the 1920s, the average inflation rate was around 1.2%, while during the 1970s, it peaked at about 13.5% in 1980. Would you like to know more about a specific decade?

Yes, can you tell me about the inflation rates in the 1980s?

In the 1980s, inflation rates were quite high at the beginning, peaking at 13.5% in 1980. However, by the end of the decade, it had decreased significantly, averaging around 4.1% in 1989. Would you like to see a comparison with another decade?

How did inflation rates in the 1990s compare to the 1980s?

In the 1990s, inflation rates were generally lower than in the 1980s, averaging about 3.0% for the decade. The highest rate during the 90s was around 6.1% in 1990. Would you like to explore the reasons behind these changes?

Yes, what factors contributed to the changes in inflation rates during those decades?

Several factors influenced inflation rates, including monetary policy, oil price shocks, and economic growth. In the 1980s, aggressive interest rate hikes by the Federal Reserve aimed to combat high inflation, while the 1990s saw more stable economic conditions and lower oil prices.