Inflation and Prices
The Consumer Price Index (CPI) rose an annualized 2.2% in November, a small uptick from its 12-month increase of 1.5%, but still moderate by the standards of the past 10 years or so. The median CPI was also up a modest 1.9% in November, or about ¾ percentage point below its 12- month trend of 2.8%.
Suggested citation: "Inflation and Prices," Federal Reserve Bank of Cleveland, Economic Trends, no. 99-01, pp. 07-08, 01.01.1999.