Was inflation low in 1962?

• A. Not sure
• B. Not fluctuated
• C. No
• D. Yes

Answer: (D)

Inflation measures how fast prices rise across the economy, so a low inflation year means prices climbed only modestly. In 1962, the United States experienced only a small increase in prices for the year—the annual inflation rate stayed in the low single digits, roughly around one percent to a bit more. That level reflects price stability for that period, after the mild recession of the early 1960s and before higher inflation later in the decade. So the statement that inflation was low in 1962 is accurate. The other options don’t fit because they either express uncertainty, imply no fluctuation at all, or claim inflation wasn’t low, which doesn’t match the historical data for 1962.