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How Has The Cost Of Living Changed? A 50 Year Timeline Of US Inflation

The Consumer Price Index (CPI) is the official measure of inflation. It measures the average cost of goods and services compared to the previous year and gives an indication of the general cost of living. Most Western countries have adopted a target inflation rate of 2 percent. Here is a simple timeline showing the rise and fall in U.S. inflation over the last 50 years.
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