> > I'm pretty sure it never got into the 20s for any sustained period. > > I am having a hard time finding good numbers, but one reference on the > web (http://www.let.rug.nl/usa/H/1990/ch8_p21.htm) put it above 20% in > 1980. > > Dave
Well, IIRC, the primary source for this is the Bureau of Labor Statistics. If not the primary, they are a darn good mirror source. At http://www.bls.gov/data/inflation_calculator.htm they have a calculator, which is an easy way to calculate the total inflation over a period. They also have monthly tables for people really into it. >From inflation was 75-76 5.8% 76-77 6.5% 77-78 7.6% 78-79 11.4% 79-80 13.5% 80-81 10.0% Also of note, under the 4 years of Carter, there were about twice as many jobs created (10.3 million or a 12.8% increase), than have been created under Bush in 7+ years (5.1 million or a 3.9% increase). And, with employment expected to continue to fall through next January, I expect this number to drop below 5 million. (anyone want to bet against me?) Given the fact that housing prices are tumbling and unemployment is rising, we may have a bit of stagflation, but I don't think that wages will hold up their end of the wage-price spiral. So, I don't expect much more than 5%-6% inflation before things settle down. Dan M. _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
