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Inflation and Prices

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Prices followed a moderate growth trajectory in February. The Consumer Price Index (CPI) increased an annualized 0.7% during the month, less than its 1.6% average rise over the past 12 months. The Producer Price Index (PPI) fell an annualized 4.5% and is up a mere 0.6% from February 1998.

Suggested citation: "Inflation and Prices," Federal Reserve Bank of Cleveland, Economic Trends, no. 99-04, pp. 07-08, 04.01.1999.

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