Average annual growth of consumer prices of OECD countries 1960s-1970s

There was a significant difference in consumer prices between the 1960s, during the "Golden Age of Capitalism", and the 1970s, where the 1973-1975 recession brought this period to an end. Across the OECD the annual rate of growth in the given periods more than doubled in most countries (even tripling in the UK and Italy) increasing from 3.4 percent annually between 1961 and 1970 to 8.2 percent between 1970 and 1978. The difference was larger again when one looks at Western Europe alone, where prices grew by almost ten percent annually.