Year,InflationRateYOY,FedFundsRate,GDPGrowth,EventsAffectingInflation
1929,0.60%,,,Market crash
1930,-6.40%,,-8.50%,Smoot-Hawley
1931,-9.30%,,-6.40%,Dust Bowl
1932,-10.30%,,-12.90%,Hoover tax hikes
1933,0.80%,,-1.20%,FDR's New Deal
1934,1.50%,,10.80%,U.S. debt rose
1935,3.00%,,8.90%,Social Security
1936,1.40%,,12.90%,FDR tax hikes
1937,2.90%,,5.10%,Depression resumes
1938,-2.80%,,-3.30%,Depression ended
1939,0.00%,,8%,Dust Bowl ended
1940,0.70%,,8.80%,Defense increased
1941,9.90%,,17.70%,Pearl Harbor
1942,9.00%,,18.90%,Defense spending
1943,3.00%,,17.00%,Defense spending
1944,2.30%,,8.00%,Bretton Woods
1945,2.20%,,-1.00%,Truman ended WWII
1946,18.10%,,-11.60%,Budget cuts
1947,8.80%,,-1.10%,Cold War spending
1948,3.00%,,4.10%,
1949,-2.10%,,-0.60%,Fair Deal, NATO
1950,5.90%,,8.70%,Korean War
1951,6.00%,,8.00%,
1952,0.80%,,4.10%,
1953,0.70%,,4.70%,Eisenhower ended Korean War
1954,-0.70%,1.25%,-0.60%,Dow returned to 1929 high
1955,0.40%,2.50%,7.10%,
1956,3.00%,3.00%,2.10%,
1957,2.90%,3.00%,2.10%,Recession
1958,1.80%,2.50%,-0.70%,Recession ended
1959,1.70%,4.00%,6.90%,Fed raised rates
1960,1.40%,2.00%,2.60%,Recession
1961,0.70%,2.25%,2.60%,JFK's deficit spending ended recession
1962,1.30%,3.00%,6.10%,
1963,1.60%,3.50%,4.40%,
1964,1.00%,3.75%,5.80%,LBJ Medicare, Medicaid
1965,1.90%,4.25%,6.50%,
1966,3.50%,5.50%,6.60%,Vietnam War
1967,3.00%,4.50%,2.70%,
1968,4.70%,6.00%,4.90%,Moon landing
1969,6.20%,9.00%,3.10%,Nixon took office
1970,5.60%,5.00%,0.20%,Recession
1971,3.30%,5.00%,3.30%,Wage-price controls
1972,3.40%,5.75%,5.30%,Stagflation
1973,8.70%,9.00%,5.60%,End of gold standard
1974,12.30%,8.00%,-0.50%,Watergate
1975,6.90%,4.75%,-0.20%,Stop-gap monetary policy confused businesses and kept prices high
1976,4.90%,4.75%,5.40%,
1977,6.70%,6.50%,4.60%,
1978,9.00%,10.00%,5.50%,
1979,13.30%,12.00%,3.20%,
1980,12.50%,18.00%,-0.30%,Recession
1981,8.90%,12.00%,2.50%,Reagan tax cut
1982,3.80%,8.50%,-1.80%,Recession ended
1983,3.80%,9.25%,4.60%,Military spending
1984,3.90%,8.25%,7.20%,
1985,3.80%,7.75%,4.20%,
1986,1.10%,6.00%,3.50%,Tax cut
1987,4.40%,6.75%,3.50%,Black Monday crash
1988,4.40%,9.75%,4.20%,Fed raised rates
1989,4.60%,8.25%,3.70%,S&L Crisis
1990,6.10%,7.00%,1.90%,Recession
1991,3.10%,4.00%,-0.10%,Fed lowered rates
1992,2.90%,3.00%,3.50%,NAFTA drafted
1993,2.70%,3.00%,2.80%,Balanced Budget Act
1994,2.70%,5.50%,4.00%,
1995,2.50%,5.50%,2.70%,
1996,3.30%,5.25%,3.80%,Welfare reform
1997,1.70%,5.50%,4.40%,Fed raised rates
1998,1.60%,4.75%,4.50%,LTCM crisis
1999,2.70%,5.50%,4.80%,Glass-Steagall repealed
2000,3.40%,6.50%,4.10%,Tech bubble burst
2001,1.60%,1.75%,1.00%,Bush tax cut, 9/11 attacks
2002,2.40%,1.25%,1.70%,War on Terror
2003,1.90%,1.00%,2.90%,JGTRRA
2004,3.30%,2.25%,3.80%,
2005,3.40%,4.25%,3.50%,Katrina, Bankruptcy Act
2006,2.50%,5.25%,2.90%,
2007,4.10%,4.25%,1.90%,Bank crisis
2008,0.10%,0.25%,-0.10%,Financial crisis
2009,2.70%,0.25%,-2.50%,ARRA
2010,1.50%,0.25%,2.60%,ACA, Dodd-Frank Act
2011,3.00%,0.25%,1.60%,Debt ceiling crisis
2012,1.70%,0.25%,2.20%,
2013,1.50%,0.25%,1.80%,Government shutdown. Sequestration
2014,0.80%,0.25%,2.50%,QE ends
2015,0.70%,0.50%,3.10%,Deflation in oil and gas prices
2016,2.10%,0.75%,1.70%,
2017,2.10%,1.50%,2.30%,
2018,1.90%,2.50%,3.00%,
2019,2.30%,1.75%,2.20%,
2020,1.40%,0.25%,-3.40%,COVID-19
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