![Changes in the inflation process vs changes in the CPI](/.imaging/mte/efg-revamp/547x300/dam/efg/insights/2021/US-CPI-Inflation/Insight_Article_CPI_Inflation_530x395px.jpg/jcr:content/Insight_Article_CPI_Inflation_530x395px.jpg)
Changes in the inflation process vs changes in the CPI
The recent surge in inflation in the US and elsewhere is highly unusual. To find a comparable episode, many commentators have pointed to the oil price shocks of the 1970s and 1980s, or even to the Korean War inflation in the 1950s.