Inflation and Prices
Retail prices continued to climb sharply in April, rising at an annualized rate of 4.7%. Since last December, the Consumer Price Index (CPI) has averaged about a 4% pace. This year's firm-level price rises have also been on the increase, leading analysts to wonder whether the new data presage a higher inflationary trend.
Suggested citation: “Inflation and Prices,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-06, pp. 06-07, 06.01.1996.