It's worth pointing out that concurrently with the breakdown of Bretton Woods agreements were the OPEC oil price hikes. The change in price of energy contribute

It's worth pointing out that concurrently with the breakdown of Bretton Woods agreements were the OPEC oil price hikes. The change in price of energy contributed a huge amount to the change in price of everything else. In addition, in the US, we had the "guns and butter" years of the Great Society and the Vietnam war. One can only pump so much fiscal stimulus into an economy before one gets inflation. All these things mattered.