Today news
About the same in other media
Why 7% Inflation Today Is Far Different Than in 1982
Reading now: 358
Consumer price inflation in December, at 7%, was last this high in the summer of 1982. That’s about all the two periods have in common.
Today, the inflation rate is on the rise. Back then, it was falling. It had peaked at 14.8% in 1980, while Jimmy Carter was still president and the Iranian revolution had pushed up oil prices. Core inflation that year reached 13.6%.
Read more on wsj.comAbout this in other media
What CEOs Are Saying About Inflation: ‘The World Has Changed’ wsj.com /2 years ago
Bank of England poised to raise interest rates as high inflation takes toll theguardian.com /2 years ago
The Fed uses one inflation gauge as its North Star. Here's why cnbc.com /2 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
