But we have nothing to fear about inflation in the economy today.
For those worried about inflation, the new report provided some other good news.
The governments will talk about inflation - more good news.
"At today's prices, the return on investment is good, given what we now know about inflation."
In the 1970's, no one seemed to know what to do about inflation.
More information about the economy and inflation is needed before another decisive move comes, they said.
- Many people would like to know more about inflation.
Also, at that time there was great worry about inflation.
"I don't think the consumer price numbers will tell us anything we didn't already know about inflation."
Today, not too many Americans are worrying about inflation, and the economy is doing pretty well.