The following is an excerpt from Gallup News.
The United States has seen all manner of inflation rates since the government established the Consumer Price Index near the start of the last century.
The rates have ranged from nearly 24% in 1920 to as low as -16% in June 1921 — both of which occurred during the recession that followed World War I.
However, since the baseline year of 1914, there have been just five periods when inflation exceeded 10% for a sustained period of time, with the most recent occurring for an extended stretch from the late 1970s to early 1980s.
So how have Americans reacted to hyperinflation historically?
This review looks at the four episodes that have occurred in the Gallup polling era, since the 1930s.
Continue reading here.
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