Capital Comments: What Kind of Inflation Problem Do We Have?

We’ve got an inflation problem. What should we do about it? That depends on what kind of inflation problem we’ve got.

In May the consumer price index was 4.9% higher than it was 12 months before. The last time we saw an inflation rate that high was July 2008. The last time it was that high, and it was more than just rising gasoline prices, was October 1990. It’s the highest inflation rate in almost 31 years.

Inflation has increased these past three months, March through May. Partly that’s because the 12-month rate compares to March through May 2020, when prices were falling. That means the 12-month inflation rate would register high even if prices were just getting back to normal.

It’s more than that.

Learn more.

Listen to the Podcast

Featured Stories

How to Cook a Turkey the Day before Serving it

Sometimes it may be easier to prepare your turkey the day before you plan to serve it. Here is...

Christian Butzke receiving 2022 APLU North Central Region Excellence in Extension Award

USDA, APLU & Cooperative Extension Award Top Honor to Purdue Extension Enologist

Christian Butzke, Purdue Extension Enologist, Purdue Food Science professor and Purdue...

A combine fills a gravity wagon with grain

Purdue Extension Offers Virtual Workshop on Farmland Leasing

Landowners and farmers can learn more about the various tools, trends, and legal protections...

2022 Tri-state CSA Conference: Thinking Inside the Box coming soon

Thinking Inside the Box, the 2022 Tri-state CSA Conference is the place to be November 12-13....

Cost of Living Adjustments

Inflation has been so low for so long that we hardly noticed them. Now inflation is the highest...

animal science class, young man holding a baby chick

Full ride scholarship allows Animal Science students to REACH for their dreams

To meet the demand for animal science graduates within Indiana’s poultry industry,...