Inflation and Prices
Retail prices inched up in April at an annualized 0.8%, while wholesale prices actually declined 7.0%. Indeed, the April numbers extend the generally moderate growth rate of prices seen since the beginning of the year. Year to date, the consumer Price Index (CPI) is up an annualized 1.5% - less than half it's 1996 average increase (3.3%).
Suggested citation: “Inflation and Prices,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-06, pp. 07-08, 06.01.1997.