Opinion ID: 2260150
Heading Depth: 3
Heading Rank: 1

Heading: Inflation

Text: It would be ludicrous for this Court to cling to the Haven Court's conclusion that the presence of inflation in our economy is a temporary and passing phenomenon, influenced by war and other unusual circumstances. [11] Information gathered by the United States Bureau of Labor Statistics demonstrates that the American economy has been experiencing a steady increase in the cost of living over its history. Even though the rate of inflation has not been numerically the same for the past 40 years, the presence of inflation as a factor in our economy has been constant. [12] Purchasing Power of the Dollar : 1940-78, U.S. Bureau of the Census, Statistical Abstract of the United States: 1978 (99th Edit.). [13] Thus, while the rate of inflation may vary during any given period, its long term presence as a fact of life in our economic picture is certain.