Inflation and Prices
The inflation indicators were mixed in September. The Consumer Price Index (CPI) continued to rise at August's meager 1.6% annualized rate, contributing to its best five-year performance since the late 1960s. Other inflation measures were not quite as encouraging, however. The Producer Price Index rose at an annual rate of 3.8% during the month, and the median CPI—a measure of core inflation—climbed 4.4%, somewhat higher than the 3% level it has averaged over the last three years.
Suggested citation: “Inflation and Prices,” Federal Reserve Bank of Cleveland, Economic Trends, no. 95-11, pp. 06-07, 11.01.1995.