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Inflation and Prices

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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.

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