Historical inflation
- Post World War II, price controls, supply problems and extraordinary demand caused double-digit inflation. It peaked at 20 percent in 1947 and subsided at the end of the decade.
- The mid-1960s to the early 1980s saw some of the highest inflation rates, with a peak of 14.8 percent in 1980. In turn, interest rates jumped to nearly 20 percent.
- In January 2022, inflation in the United States increased to 7.5 percent, its highest level since February 1982, due to soaring energy costs, labour mismatches, and supply disruptions.
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