The Inflation Rate is Holding Pretty Steady These Days

Apropos of nothing in particular except the tedium of today’s news, here’s a chart that shows not the historical growth of inflation, but the acceleration of inflation. That is, the growth of the growth rate from year to year. To make the chart readable, I’ve eliminated a couple of recent years with gigantic up and down spikes:

Even during the 1975-80 era, there are only a few years of consecutive positive acceleration. Here’s the same chart on a monthly basis since the end of the Great Recession:

Once again, I’ve removed 2015, which was weirdly spiky, in order to provide a better overall view of the past eight years. I don’t know about you, but I don’t see any sustained acceleration worth worrying about during the entire period. There’s about six months of consecutive positive acceleration starting in 2018, but the numbers are small and then dropped away in August and September. It looks like everything is pretty well under control for now.

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

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Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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