The Inflation Rate is Holding Pretty Steady These Days

Apropos of nothing in particular except the tedium of today’s news, here’s a chart that shows not the historical growth of inflation, but the acceleration of inflation. That is, the growth of the growth rate from year to year. To make the chart readable, I’ve eliminated a couple of recent years with gigantic up and down spikes:

Even during the 1975-80 era, there are only a few years of consecutive positive acceleration. Here’s the same chart on a monthly basis since the end of the Great Recession:

Once again, I’ve removed 2015, which was weirdly spiky, in order to provide a better overall view of the past eight years. I don’t know about you, but I don’t see any sustained acceleration worth worrying about during the entire period. There’s about six months of consecutive positive acceleration starting in 2018, but the numbers are small and then dropped away in August and September. It looks like everything is pretty well under control for now.

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

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It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

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Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

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