Stagflation
by reader One Salient Oversight
Is when Unemployment is 5% or more and when Inflation is 5% or more at the same time.
According to the raw data at the Misery Index site, the US experienced my definition of stagflation during the following periods:
July 1970 – February 1971 (Unemployment average 5.6%, Inflation 5.52%, 8 months)
April 1973 (Un-5.0% and Inf-5.06%, 1 month)
January 1974 – October 1976 (Un-7.24% and Inf-8.88%, 34 months)
January 1977 – October 1982 (Un-7.14% and Inf-9.38%, 70 months)
April 1989 – June 1989 (Un-5.23% and Inf-5.22%, 3 months)
January 1990 – March 1990 (Un-5.3% and Inf-5.23%, 3 months)
August 1990 – February 1992 (Un-6.14% and Inf-5.92%, 19 months)
June 2008 – July 2008 (Un-5.6% and Inf-5.31%, 2 months so far)