Inflation and Prices
The Consumer Price Index (CPI) continued to accelerate in May, rising at an annual rate of 3.9% and contributing to a year-to-date increase of 4.1%. This represents a substantial deterioration from the 2.6% rate observed in 1995.
Suggested citation: “Inflation and Prices,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-07, pp. 07-08, 07.01.1996.