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Inflation and Prices

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After a string of small increases, consumer prices have risen more quickly in the past several months. During the first quarter of 1996, the Consumer Price Index (CPI) rose at an annualized rate of 4.0%. 1.4 percentage points above its 1995 average. Such large swings in price data are common though, and do not necessarily mark the beginning of greater inflationary pressures.

Suggested citation: “Inflation and Prices,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-05, pp. 06-07, 05.01.1996.

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