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The CPI-U measures inflation as experienced by a representative household in a metropolitan statistical area. Rural (non-metropolitan) households, farm households, military members, and the institutionalized (eg. prisons or hospitals) are excluded from consideration; with this exclusion, the CPI-U covers about 93 percent of the US population. [5]
Here's the average of the year-over-year inflation rate for each presidential term in chronological order. ... 5.7%. 1969-1974. Inflation was high during most of Nixon's presidency, including 8.7% ...
Blinder and Watson estimated that the S&P 500 returned 8.4% annually on average under Democrats versus 2.7% under Republicans, a difference of 5.7% percentage points. This computation used the average value in last year of the president's term, minus the average value in last year of previous term. [1]
Inflation in the US was persistent in the 1970s. [5] Year-on-year inflation bottomed at 5% in December 1976 before moving higher once again. Paul Volcker was chosen as Fed Chairman in 1979 in order to deal with the challenge of high inflation.
Rent, restaurant meals, and personal care still dominated the inflation chart as they grew 6.9%, 5.3%, and 5.2%, respectively year-over-year in November, overshadowing the overall CPI price rise ...
According to updated economic forecasts from the Fed's Summary of Economic Projections (SEP), the central bank sees core inflation peaking at 2.5% next year, higher than September's projection of ...
They stated that it was a more accurate measure of inflation than the current system and switching from the current system could save the government more than $290 billion over the decade following their report. [23] "The chained CPI is usually 0.25 to 0.30 percentage points lower each year, on average, than the standard CPI measurements". [23]
According to a Vox analysis, the inflation rate was always under 3% and sometimes under 2% during all four Trump years before cratering to near zero during the peak pandemic, with wage growth ...