The absolute value of price changes in the U.S. fluctuated between 6 and 8 percent before 2020 and mostly between 7 and 8 percent after 2020, despite inflation's sharp rise in 2021-2022.
Sources
- Price-Setting During the Covid Era, Accessible Data (federalreserve.gov)
- https://www.richmondfed.org/publications/research/econ_focus/2023/q4_feature1 (richmondfed.org)
- https://www.bls.gov/osmr/research-papers/2022/ec220020.htm (bls.gov)
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