[dtjohnnyb]

The book mentioned in the article, Capital in the 21st Century, shows this in really interesting detail. I can't remember the details myself, but the idea we have of inflation being normal is actually highly abnormal in the history of humanity. Can't recommend the book enough, really interesting to see how unique the last 100 years of high growth is compared to history due to the world wars and how we may be returning to "normal" levels of inequality.

[orkon]

Yes, it was from this book I believe. Also found this http://researchbriefings.files.parliament.uk/documents/RP03-... where it seems like retail prices where relatively stable at that time.