Historical inflation, using data from http://oregonstate.edu/cla/polisci/faculty-research/sahr/infcf17742007.pdf (pre-1913: McCusker study; post-1913: CPI) Pre-1774 data can be found in How Much is that in Real Money?: A Historical Price Index for Use as a Deflator of Money Values in the Economy of the United States [0-944026-33-8] McCusker (not shown in linked source) Year-over-year change: (Thisyear-lastyear)/lastyear (Photo credit: Wikipedia)
This is an excellent article from the NYT Economix blog. Check it out!
Inflation Deflation – NYTimes.com.
The article looks at the various measures of US inflation, their recent trends and dwells on the Fed signalling QE3, another rounding quantitative easing, pumping money into the economy. All eyes are on the Fed’s meeting in September.