Economy

US in Recession Since 2022 After Inflation Adjustments, New Research Shows

Undercounting inflation since 2019 has resulted in overstating economic growth, economists said.
US in Recession Since 2022 After Inflation Adjustments, New Research Shows
A shopping cart in a supermarket as inflation affected consumer prices in New York City on June 10, 2022. Andrew Kelly/Reuters
Andrew Moran
|Updated:
0:00

New research by a pair of prominent economists suggests that the U.S. economy has been in a recession for the past two years, after inflation adjustments are taken into account.

According to Bureau of Labor Statistics data, cumulative inflation since 2019 has totaled nearly 25 percent.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."