| Getty Images Key Takeaways Inflation has been on a downward trend since July 2022, but that doesn’t mean we are out of the woods. While the Fed aims to bring inflation down to 2% or less, the latest...
Tag: projected inflation rate for 2023
Is Inflation High Compared To Years Past? Breaking Down Inflation Rates By Year
| Getty Images Key Takeaways Over the past 10 years, inflation has averaged 1.88%. 2022 showed an annual inflation rate of 8%. The U.S. experienced deflation in the 1930s and high rates of inflation i...