Economics: The Inflation Surge by Robert Burrus
Contributed by Dr. Thomas D. Simpson, Executive in Residence at the UNCW Cameron School of Business. Dr. Simpson joined the Department of Economics & Finance after his retirement from the Board of Governors of the Federal Reserve System in Washington, DC. According to public opinion polls, after a forty-year hiatus, inflation has returned as the top concern facing our nation. The chart below shows the most widely known measure of inflation—the Consumer Price Index (CPI). The blue line shows headline CPI inflation, and the red line shows headline inflation ...