758 years of inflation rates
There were some interesting results from analysing 758 years worth of data. The average annual inflation rate was 1.53%. The ride required to achieve that average was far from smooth, with annual swings of ±60%!
Deflation occurred in 44% of the periods.
Periods of 1970s style high inflation rates are not uncommon, though occur less frequently than they once did.
The recent extended period without much inflation rate volatility is unprecedented.
Conclusion: The often repeated 2% annual inflation rule of thumb holds true.
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