Inflation and Prices
The latest inflation indicators are showing surprising volatility. After a four-month gain of only 1.8%, the consumer Price Index (CPI) accelerated to a 4.0% annualized rate in October. Much of the upturn was centered in the index.s housing and energy components. The rise in CPI inflation stands in stark contrast to the decline in the Producer Price Index, which switched from a 3.8% advance in September to a 0.9% contraction in October.
Suggested citation: “Inflation and Prices,” Federal Reserve Bank of Cleveland, Economic Trends, no. 95-12, pp. 06-07, 12.01.1995.