Inflation and Prices
In June, the Consumer Price Index (CPI) rose at a mere 1.5% annualized rate, nearly the same pace it has followed since last December. Indeed, the six-month average rise in the CPI (1.4%) is the lower six-month posting in almost 11 years.
Suggested citation: “Inflation and Prices,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-08, pp. 07-08, 08.01.1997.