Period/EventPrimary Inflation Type(s)Key Contributing FactorsKey Government/Fed Policy ResponsesPost-World War II (c. 1946-1948)Demand-PullPent-up consumer demand, war savings, shift from military to civilian productionLifting of price controls, moderate interest rate increasesKorean War (c. 1950-1951)Demand-Pull (expectation-driven)Anticipatory buying due to fear of shortages, increased military spendingPrice and wage controls, anti-inflationary monetary policyThe “Great Inflation” (c. 1965-1982)Mixed (Demand-Pull & Cost-Push)Expansionary monetary/fiscal policy (Vietnam War, Great Society), oil shocks, unanchored inflation expectationsInitial wage/price controls, later aggressive monetary tightening (Volcker era), some supply-side fiscal policies1970s Oil Shocks (1973-74, 1979)Cost-PushOPEC oil embargo, Iranian Revolution, quadrupling of oil pricesPrice controls on oil (initially), strategic petroleum reserve creation, energy conservation efforts, eventual monetary tighteningDisinflation of the 1980s(Policy-induced reduction of inflation)Tight monetary policy (Volcker Fed), deregulation, tax cutsSustained high interest rates leading to recession, then recovery with lower inflationEarly 2000sMixed (Cost-Push in energy)Energy price spikes (natural gas, oil), moderate core inflationMonetary policy focused on overall stability2008 Financial Crisis & AftermathDeflationary pressures, then mildSharp fall in aggregate demand, financial system stress, later quantitative easingAggressive monetary easing (zero interest rates, QE), fiscal stimulus (e.g., ARRA)COVID-19 Pandemic (2020-Present)Mixed (Significant Demand & Supply shocks)Fiscal stimulus, supply chain disruptions, labor shortages, shifts in demand, energy price increasesLarge fiscal stimulus, initial monetary easing, then aggressive monetary tightening, supply-side initiatives, Inflation measures how quickly the prices of goods and services are rising. Inflation is classified into three types: demand-pull inflation, cost-push inflation, and built-in inflation. The most, When inflation makes headlines, it affects everyone—from the family budgeting for groceries to businesses planning for next year. But not all inflation is the same. Inflation comes in two main flavors: demand-pull and cost-push. One happens when everyone wants to buy more than what’s available. The other occurs when it simply becomes more expensive to.