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Inflation and Prices

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Consumer prices showed little movement in January, as the Consumer Price Index (CPI) inched up an annualized 1.5%, with much of the increase caused by higher food prices. After exclusion of the volatile food and energy components, the CPI showed even less movement, rising a mere 0.7% (annualized). The median CPI, an alternative measure of inflation, showed little change in January, rising an annualized 1.3%.


Suggested citation: "Inflation and Prices," Federal Reserve Bank of Cleveland, Economic Trends, no. 99-03, pp. 07-08, 03.01.1999.

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