Note that how we calculate inflation has actually changed since the Carter Years - most importantly the substitution of housing in the inflation basket with OER (owner-equivalent rent).
If we had the previous inflation measure (same as 1970s), CPI would be closer to double digits now (because of housing appreciation over the last year).
If we had the previous inflation measure (same as 1970s), CPI would be closer to double digits now (because of housing appreciation over the last year).
https://www.wsj.com/articles/inflation-numbers-1970s-cpi-hou...