The Price Level versus the Inflation Rate, 1960ā2014
The Price Level versus the Inflation Rate, 1960ā2014 With the exception of 2009, over the past half-century the price level has continuously increased. But the inflation rateāthe rate at which prices are risingāhas had both ups and downs. And in 2009, the inflation rate briefly turned negative, a phenomenon called deflation. Source: Bureau of Labor Statistics.