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Yes, inflation still matters

August 9, 2014
Marshall Independent

Three to four decades ago, inflation and its impact on families was one of the biggest concerns for most Americans. That was a time when the annual inflation rate topped 10 percent on more than one occasion and was often well above 5 percent. For the 10 years ending in 1983, the average annual inflation rate as measured by the Consumer Price Index or CPI was 8.4 percent*. For every dollar a person spent on standard of living costs in 1973, they paid more than double ($2.24) a decade later (based on CPI). In that kind of environment, it was no wonder that inflation was such a threat.

 
 

 

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