This is the worst inflation in nearly 40 years. But it was so much worse back then
CNN
US prices for just about everything -- from cars and gasoline to food and clothing -- are rising at the fastest pace in decades.
Overall, consumer prices rose in 2021 at the fastest pace in 39 years, meaning this is the worst inflation experienced by anyone not on the cusp of retirement or older.
But, as those older Americans can tell you, as unwelcome as it is for consumers, today's price increases are nowhere near as bad as they were in the 1970s and early 1980s. And most importantly for policymakers trying to deal with today's price hikes, what fed the double-digit prices increases in those days are not a factor today -- nor are they likely to be ever again.
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