BakshisMouse
Rookie
- Jun 28, 2011
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- #41
The inflation rate currently stands at 2.3%, lowest point this year and the average for the last 10 years is 2.6%. The highest rate was in 2008 at 3.85% and the lowest in 2009 was -.34% Please explain why you think we are entering a period of stagflation with inflation rates so low and the rates trending downward. The last stagflation in the US was in 1980 with inflation reaching 13.58% and unemployment at 7.5%.By it's definition I would say yes. I think a lot of folks agree.
http://inflationdata.com/inflation/inflation_rate/historicalinflation.aspx
Take out housing deflation, count energy and food, that would be inflation. The wrong items are included and missing from the index.
I request that you respond to the post just above of yours. (#39)