Question

Within 1 or 2 percentage points, what has the U.S. inflation rate been during the last 20 years? Draw a graph to show the data.

Short answer

1 or 2 percentage points will affect the economy in a great way.

Step-by-step solution

Step 1. Definition

Inflation is a situation in an economy when the average prices of all the goods and services increased because of some market pressures.

Step 2. Explanation

years

inflation rate

2001	2.8
2002	1.6
2003	2.3
2004	2.7
2005	3.4
2006	3.2
2007	2.8
2008	3.8
2009	-0.4
2010	1.6

2011	3.2
2012	2.1
2013	1.5
2014	1.6
2015	0.1
2016	1.3
2017	2.1
2018	2.4
2019	1.8
2020	1.2

the graph is shown below:

According to the above table and graph, it can be inferred that the US has witnessed an uneven rate of inflation. This is also due to the 2008 crisis and after deflation.