Inflation and Prices
After increasing at a ate slightly above 4% during the first five months of 1996, the Consumer Price Index (CPI) moderated to an annualized rate of less than 1% in June. The core retail price indicators, the CPI excluding food and energy and the median CPI, were up 2.2% and 2.1% respectively.
Suggested citation: “Inflation and Prices,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-08, pp. 06-07, 08.01.1996.