Stringfellow Hawk
Member
Yes, there was double digit inflation in 1974. The average for the year was 11.0%, and the high was 12.3%. This is all well established history. Nixon's Fed Chair Burns, started the 1970's inflation, and Carter's Fed Chair Volckerv ended it.
https://www.usinflationcalculator.com/inflation/historical-inflation-rates/
Carter drove the country in the ground, he was one term for a reason