How Does The Inflation And Oil Shock Of 2022 Compare To The Late 1970s?
The Labor Department recently reported a 7.5% increase in the consumer price index in the month of January, the fastest inflation growth since 1982.
While inflation rates at 40-year highs may seem scary at first glance, economists say today's economic situation is far different than the period of hyperinflation in the late 1970s and early 1980s.