Inflation and Prices
The September price statistics remain generally in line with their 3% trend of the last few years. The Producer Price Index and the Consumer Price Index (CPI) rose at annualized rates of 2.8% and 3.1% during the month (but a bit higher when food and energy goods are excluded). Year to date, the CPI is up 3.2%, while its core measures (the CPI excluding food and energy and the median CPI) have risen at a slightly more moderate 2.8% pace.
Suggested citation: “Inflation and Prices,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-11, pp. 06-07, 11.01.1996.