Economy · Inflation
| Year | Average | Year close |
|---|---|---|
| 1914 | −2.36% | −2.52% |
| 1915 | 1.95% | 10.34% |
| 1916 | 23.13% | 33.59% |
| 1917 | 37.65% | 23.98% |
| 1918 | 11.77% | 10.85% |
| 1919 | 5.75% | 10.64% |
| 1920 | 11.98% | −20.00% |
| 1921 | −36.35% | −23.08% |
| 1922 | −0.35% | 8.13% |
| 1923 | 4.29% | −2.31% |
| 1924 | −2.74% | 3.55% |
| 1925 | 5.52% | 1.71% |
Source: FRED PPIACO (Producer Price Index by Commodity: All Commodities). Federal Reserve Bank of St. Louis.
Gray bands mark U.S. recessions as dated by the NBER (FRED USREC).
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