Recent high UK inflation and sluggish GDP growth has been compared to the 'stagflation' of the mid-1970s

CPI annual rate

25%

1973-75 recession

20

15

10

5

0

-5

1970

1980

1990

2000

2010

2020

GDP year-on-year growth

15%

1973-75 recession

10

5

0

-5

-10

-15

1970

1980

1990

2000

2010

2020

CPI annual rate

GDP year-on-year growth

25%

1973-75 recession

15%

1973-75 recession

20

10

15

5

10

0

5

-5

0

-10

-5

-15

1970

1980

1970

1980

1990

2000

2010

2020

1990

2000

2010

2020