I'll kick off this piece with some charts. The first one is historical inflation in the US, UK, Japan, Germany and France (1950-1994). The exact numbers aren't important - what catches my eye is two periods (early 50s & mid-70s) where inflation was at, or over, 7.5% per annum for a few years. To see why this matters, let's do a case study.
Understanding Inflation
Understanding Inflation
Understanding Inflation
I'll kick off this piece with some charts. The first one is historical inflation in the US, UK, Japan, Germany and France (1950-1994). The exact numbers aren't important - what catches my eye is two periods (early 50s & mid-70s) where inflation was at, or over, 7.5% per annum for a few years. To see why this matters, let's do a case study.