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The economic impact of the pandemic on inflation rates and the responses of the Federal Reserve and presidential administrations.
Data compiled by multiple outlets show was substantially higher during ’s presidency (roughly mid-single digits annual averages) than during ’s four years (generally low single digits or below 2%), th...
— the CPI measure that excludes food and energy — was broadly steady and close to long-run view in the three years before the pandemic, averaging just above 2% from 2017 through 2019, and showed no la...