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Inflation: Will 1970s history repeat itself? Premium Inflation, in short, is likely to rise. Will that mean above-5% inflation for several years, as in the 1970s? Bell bottoms are more likely to come back (Photo: Bloomberg) Ramesh Ponnuru , Bloomberg The bad news is that the worriers might be right that macroeconomic policy is too loose, posing too great a risk of high inflation. Here, though, let’s linger on the good news, which is that reliving the 1970s remains unlikely Read Full Story Inflation exceeded 5% a year each year from 1973 to 1982. It hit double digits for three years in a row from 1979 to 1981. The US hasn’t seen such rapid price increases since then. But a recent spike in prices, coupled with large budget deficits and a Federal Reserve aiming for higher inflation, has brought forth worries that the bad old days might be here again.

Global economyMacroeconomic policyHigh inflationBudget deficitsFederal reserveConsumer price indexGreat inflation 1966உலகளாவிய பொருளாதாரம்உயர் வீக்கம்கூட்டாட்சியின் இருப்புநுகர்வோர் ப்ரைஸ் குறியீட்டு