The “horrible” inflation picture

The graph plots three measures of “core” inflation from 1994 onwards. The period was chosen because while in the 1980´s, after the Volker Fed brought “core” inflation down from over 12% to a range between 3% – 5%, in the early 1990´s the Greenspan Fed succeeded in keeping “core” inflation inside a range of 1.5% – 3% (from which it recently dropped).

As usual, to some the latest uptick is “cause for grave concern”! I hope it will go higher!

3 thoughts on “The “horrible” inflation picture

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.