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Open original source ↗Every recession/financial crisis changes the economy. Change is not worse, it different.
It changed again post COVID (blue) and inflation has avg 4.2%.
2.7% is still higher than in most periods of the previous recovery (red) and above the average inflation rate during the post 9/11 recovery (green).
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INFLATION WATCH: If you look back two decades, you can see that inflation is actually averaging around 2.7%, roughly where we are today. Certainly consumers might be feeling the pinch right now, but if you look a bigger horizon, the US economy has certainly made its way through these levels of inflation... Chart courtesy of @MacroByRepetto
sonalibasak ↗