by Salman Ahmed

Inflation rates recently reached levels not seen in 40 years. In this video, we compile data going back to 1960 from some of the largest economies and put it into an easy-to-understand visual. The graph puts current inflation into historical perspective. You’ll see how prices in Canada, the U.S., U.K., Europe, Japan and China reacted to events including the OPEC oil embargo in 1973, sharp central bank interest rate increases in the late-1970's and early 80's, Asian currency crisis in 1997, popping of the tech bubble in 2000, global financial crisis in 2008-09, and COVID-19 pandemic.