They’re well on their way to a disaster, but they’re going to need much more inflation to reach inflation rates that occurred in the past.
Here is the inflation rate between 1972-1983.
1972 3.2
1973 6.2
1974 11.0
1975 9.1
1976 5.8
1977 6.5
1978 7.6
1979 11.3
1980 13.5
1981 10.3
1982 6.2
1983 3.2
Total rate between 1972-1983 was 7.8
Here is the rate between 2010-2021.
2010 1.6
2011 3.2
2012 2.1
2013 1.5
2014 1.6
2015 .1
2016 1.3
2017 2.1
2018 2.4
2019 1.8
2020 1.2
2021 4.7*
Total inflation between 2010-2021 is 2.0.
Inflation today doesn’t have be as high to cause pain. Inflation compounding decade after decade eventually will reach a breaking point, then deflation takes over.
* The November inflation rate was 6.8 so I made December 6.8. This may need to be corrected at a future date.
It’s measured differently now….they keep changing it to keep the rate low.
Go to John Williams site Shadowstats. He calculates it the same way the gov did in the 1980s….it’s well,over 10 percent