US Inflation Shows Worrying Parallels With 2022 Price Surge
The 1970s and early 80s showed what high US inflation looked like. Now the benchmark is 2022.
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I’m Chris Anstey, a senior economics editor in Boston. Today we’re looking at worrying US inflation parallels with 2022. Send us feedback and tips to ecodaily@bloomberg.net. And if you aren’t yet signed up to receive this newsletter, you can do so here.
The 1970s and early 1980s set a benchmark for what high US inflation looked like that lasted for decades. Now, the frame of reference is the cost-of-living surge of 2022.