When was the period of last stagflation

The period of last stagflation was during the 1970s, which occurred primarily from the mid-1970s to the early 1980s. This period was characterized by a combination of stagnant economic growth, high unemployment, and high inflation, which defied the conventional economic theory of the time. The 1970s stagflation was triggered by several factors, including the Arab oil embargo of 1973, which led to a dramatic increase in oil prices and a subsequent supply shock that affected the entire economy. This period of stagflation had significant impacts on the economy, including reduced purchasing power, increased food prices, and a decline in the standard of living for many Americans. The 1970s stagflation also led to a prolonged period of high inflation, which required two recessions to reduce.