Chart 1
The U.S. Economy Enjoyed a Lower and More Stable
Inflationary Environment in the 1990s

Average and Standard Deviation of Annual Inflation Rates (GDP Deflator-Based)
Date	Average Inflation Rate	Volatility
1950s	2.45%	1.9%
1960s	2.75%	1.6%
1970s	6.99%	1.9%
1980s	4.27%	2.1%
1990s	2.14%	0.7%

Source: Bureau of Economic Analysis