Question

What has been a typical range of inflation in the U.S. economy in the last decade or so?

Short answer

The U.S. economy depicts an annual inflation rate range between 2% to 4% between last decade or so.

Step-by-step solution

CPI

In US economy inflation is measured by consumer price index (CPI).

A price index where the weighted average of prices of a basket of consumer goods and services is examined.

Step 2. US

CPI is one the most frequently used index in the economy for measuring inflation and deflation . It can also be compared with PPI According to CPI of US in last decade it shows inflation range between 2% to 4%.