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Inflation and Prices

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After dropping sharply in June, retail prices resumed the strong upward trend that began last December. The Consumer Price Index (CPI) increased at an annualized rate of 3.1% in July, and has risen 3.5% since the beginning of the year, almost a percentage point higher than 1995's average increase. The core inflation indicators moved up even more in July: the median CPI, and the CPI excluding food and energy, rose an annualized 4.2% and 3.7% respectively.

Series Title: Economic Trends
Type: Economic Trends

Suggested citation: “Inflation and Prices,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-09, pp. 06-07, 09.01.1996.

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