Historical Year Data · 1974

US CPI Inflation (WEO) in 1974

US CPI Inflation (WEO) opened 1974 at 11.05% and closed at 11.05%, a +0.00% move for the year. The high of 11.05% was reached on December 31, and the low of 11.05% on December 31.

Open

11.05%

1974-01

11.05%

1 data points

High

11.05%

Dec 31

Low

11.05%

Dec 31

Full Year Change

+0.00%

1973 Change

+0.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Dec	11.05%	11.05%	11.05%	11.05%	+0.00%

Events During 1974

1973 OPEC Oil Embargo

Stagflation

October 1973 – March 1974

OPEC quadrupled oil prices and embargoed shipments to the United States in response to US support for Israel in the Yom Kippur War. The shock launched a decade of stagflation.

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