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World War 1 Era
Pricing rose 80% -
1920
United States Reached an all-time high inflation rate of 23.70% in June 1920 -
Post World-War 2 Hungary
Hungary's government engineered hyperinflation after World War Il, with a monthly inflation rate of 41.9 quadrillion percent in July 1946. This meant that prices doubled every 15.3 hours. -
The Great Inflation
The Great Inflation was the defining macroeconomic period of the second half of the twentieth century. Lasting from 1965 to 1982, it led economists to rethink the policies of the Fed and other central banks. -
The Year the Fed and LBJ Clashed
Inflation crisis began in the 1960s, with two important drivers in particular: strong stimulus on the fiscal side, including deficit spending, and the rapid growth of the money supply -
Energy crises of the 1970s
The Arab oil embargo of 1973 and the Iranian revolution of 1979 caused two energy crises that increased oil costs and contributed to inflation. -
1981
High prices and a weak economy caused financial hardship for many Americans. Central bankers were faced with a difficult decision: raising interest rates would slow the economy and potentially cause a recession, while lowering rates would stimulate the economy and potentially increase inflation. -
Gulf War
The Iraq invasion of Kuwait led to another surge in oil prices, contributing to inflation concerns. -
2008 Financial Crisis
While not directly related to a single event, the economic downturn in 2008 resulted in decreased purchasing power for consumers and impacted various aspects of the cost of living -
Covid 19 Pandemic
Post-pandemic price burst Since February 2020, consumer prices have increased 20.9%, which is higher than the historic average for a four-year period.