23-12

The Price Level versus the Inflation Rate, 1960ā€“2014

The Price Level versus the Inflation Rate, 1960ā€“2014 With the exception of 2009, over the past half-century the price level has continuously increased. But the inflation rateā€”the rate at which prices are risingā€”has had both ups and downs. And in 2009, the inflation rate briefly turned negative, a phenomenon called deflation. Source: Bureau of Labor Statistics.