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Inflation Caculators Calculating
Inflation averaged about 3% annually during the 20th century. It was briefly much higher than that right after both world wars (probably due to pent-up demand versus used-up supply) and also during the late 1970s (probably due to the government's policy of "printing press financing" - see the government spending diagram for details). Inflation remained low during the boom of the 1990s, which is very encouraging: it shows how a hot economy can create growth in both demand and supply, so that the price level remains stable.
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