Since 1959, there have been four distinct periods of persistently accelerating inflation. Although it is difficult to date their beginnings and ends, they correspond roughly to the years 1966–70, 1973–75, 1978–81, and 1987–91. In each of these periods, the inflation rate was substantially higher at the end than at the beginning.
Suggested citation: “Rising Inflation,” Federal Reserve Bank of Cleveland, Economic Trends, no. 98-04, pp. 04-05, 04.01.1998.