Raw Data: Inflation Continues To Be Really, Really Low


Apropos of nothing in particular, here’s a chart that shows the inflation rate over (a) the past three decades and (b) the past three years. This is just to remind people that although the headline unemployment number has declined, there’s really no sign yet of labor market tightness. No matter what your preferred measure of inflation is, it’s (a) lower now than it has been for a long time, and (b) still on a downward path. Inflation is simply not a problem right now, and inflationary expectations continue to be well anchored.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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