Inflation is a critical economic force that businesses need to understand as we move through this decade of inflation ahead of what ITR Economics is forecasting will be an economic depression in 2030-36. This inflationary precursor to the depression is already here; inflation has averaged 4.1% this decade, compared to 1.8% in the 2010s.
Note that we have been here before and it is the 2010s that is the abnormally low outlier. For example, we saw inflation average 7.1% in the 1970s, 5.6% in the 1980s, 3.0% in the 1990s, and 2.6% in the 2000s. It’s been a while though, and many business leaders were either much younger and in much more junior positions or simply not in the labor force (or, as ITR Economics’ older workers are realizing of our younger colleagues, not born yet!) the last time we saw persistently elevated inflation.
This makes it all the more crucial for firms to understand:
Senior Forecaster and Speaker Connor Lokar will delve into these topics at the June 2025 Insider Webinar. ITR Economics has been warning of inflation in the 2020s for many years, and we have devoted considerable research resources to understanding the ins and outs of inflationary forces. Our latest forecast accuracy for Consumer Prices four quarters out is 99.98%, and our forecast accuracy for Producer Prices four quarters out is 99.55%. Connor will show you what we look at to help us forecast inflation, so you have access to the same information we do when it comes to making decisions about your business.
Connor will also share management objectives that ITR Economics has collected from its more than seven decades in business, including the more than four decades overseen by Chief Economist Brian Beaulieu. We remember prior inflationary periods and understand how to help your business identify which lessons from those times are germane to businesses operations in the current environment.
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