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As of October 2022, inflation is at 7.7% compared to a year prior, with food, airline fares, ... According to the CPI, car and truck rentals have decreased -3.5% since October 2021.
Annual inflation increased to 8.3% in August 2022, in part due to rising grocery prices. [154] In September, the Fed increased the interest for a fifth time in the year reaching a 14-year high. [155] In November 2022, the year-over-year inflation rate was 7.1%, the lowest it has been since December 2021 but still much higher than average. [156]
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 ...
As the most widely used measure of inflation, the CPI is an indicator of the effectiveness of government fiscal and monetary policy, especially for inflation-targeting monetary policy by the Federal Reserve. Now however, the Federal Reserve System targets the personal consumption expenditures (PCE) price index instead of CPI as a measure of ...
“The inflation of 2022 was caused by a convergence of factors,” said Collin Plume, a 20-year financial services industry veteran and CEO of Noble Gold Investments. “Supply chain jams ...
Shadowstats.com is a website that analyzes and offers alternatives to government economic statistics for the United States.Shadowstats primarily focuses on inflation, but also keeps track of the money supply, unemployment and GDP by utilizing methodologies abandoned by previous administrations from the Clinton era to the Great Depression.
Inflation peaked at 7.1% in June 2022 after the economy had accelerated out of the pandemic recession at a time of severe shortages of parts and labor, according to the gauge released Thursday ...
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)