Sign up to save your podcasts
Or
Share Taking Inflation Apart
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Taking Inflation Apart
Consumer price index Inflation ran at 2.1 percent per
year from 1997 to 2019. Then came the pandemic recession and recovery.
Inflation dropped to 1.3 percent in 2020—including 3 months of deflation, when prices were falling—then soared to 8 percent in 2022, the highest inflation rate in 40 years. The peak month was in June that year, when consumer prices averaged 8.9 percent higher than in June of 2021.
Since then inflation has come down a lot. As of November 2023, prices were 3.1 percent higher than a year before. That’s good
news.
View all episodes
By Purdue Agriculture
4
11 ratings
Consumer price index Inflation ran at 2.1 percent per
year from 1997 to 2019. Then came the pandemic recession and recovery.
Inflation dropped to 1.3 percent in 2020—including 3 months of deflation, when prices were falling—then soared to 8 percent in 2022, the highest inflation rate in 40 years. The peak month was in June that year, when consumer prices averaged 8.9 percent higher than in June of 2021.
Since then inflation has come down a lot. As of November 2023, prices were 3.1 percent higher than a year before. That’s good
news.