In 1920, inflation was rampant, with prices double what they'd been five years prior. That would quickly change: prices would peak that June, then decline, fluctuate, and not exceed their June 1920 levels again until November 1946.
How Inflation Touches Every Man's Pocketbook
In 1920, inflation was rampant, with prices double what they'd been five years prior. That would quickly change: prices would peak that June, then decline, fluctuate, and not exceed their June 1920 levels again until November 1946.