great_inflation_2.jpg

A graph showing the percentage change from a year on the y axis, ranging from -5 to 15 and Years on the x axis, ranging from 1960 to 2010. It shows inflation as measured by the consumer price.

Data plotted as a curve. Units are percentage change from a year ago. The grey bar indicates a period of Great Inflation, which began in January 1965 and ended in December 1982. In January 1965, the percentage change from a year ago in the consumer price index began to rise until it peaked in March 1980 at close to 15 percent. In 1983, the percentage change from a year ago settled back to pre-Great Inflation levels of 0 to 5 percent. Source: Bureau of Labor Statistics via FRED; graph created by Sam Marshall, Federal Reserve Bank of Richmond)

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