Inflation and Prices
Substantial declines in a handful of categories contributed to mild increases in the major price indexes in January. Falling food prices and airline fares, along with slower energy price gains, helped hold the Consumer Price Index (CPI) to a seasonally adjusted annual rate of 1.5%. Sharp declines in food prices also helped push the Producer Price Index (PPI) down.
Suggested citation: “Inflation and Prices,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-03, pp. 06-07, 03.01.1997.