Below are two charts from the Federal Reserve Bank of St. Louis. The first shows the US Consumer Price Index for all urban consumers from 1913 through March. The second shows the same data from 1990. The U.S. has generally had a positive inflation level as measured by the government’s statistics. After the most severe bout of deflation since the 1930s, inflation is rising again. For the U.S. post-1913, inflation is the norm.
For comparison’s sake, the graph for the period from 1913 to 1934 is presented below.
