Milton Friedman:

"Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output."

Current Annual Rate of Inflation: 8.3%
BLS release for March 2022, down from 8.5% for March,
and the second highest rate of inflation since 1982.

INF051222Annual-Inflation-Rate-2010-Apr-2022.png

Annualized Inflation Rate 1960 - Present

FREDinflationLT041422.png

Long Term Average Inflation by Decade

Ave- Ann-Inf-by-Decade2020.png

FRED: Inflation Related Charts:

1. Univ. of Michigan Consumer Inflation Expectation: +5.4%

2. U.S. Non-Farm Labor Productivity Rate 1990-Present

3. Money Stock (M-2)

INF051322FREDConsExpfredgraph - 2022-05-13T100611.715
INF051322FREDConsExpfredgraph - 2022-05-13T100611.715

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INF051222Prodfredgraph - 2022-05-12T155605.630
INF051222Prodfredgraph - 2022-05-12T155605.630

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INF051322M2fredgraph - 2022-05-13T091203.597
INF051322M2fredgraph - 2022-05-13T091203.597

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INF051322FREDConsExpfredgraph - 2022-05-13T100611.715
INF051322FREDConsExpfredgraph - 2022-05-13T100611.715

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*Click on chart for larger, longer look