Policy makers focused on controlling the biggest inflation breakout in 40 years
OECD CONSUMER PRICE INFLATION
16
16
14
14
12
12
HEADLINE CPI
10
10
8
8
6
6
4
4
CORE (EX FOOD & ENERGY)
2
2
0
0
-2
-2
1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025
1
Sources: OECD, NBER
18
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