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Inflation and Prices

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The Consumer Price Index rose 0.1% (1.4% annualized) in November, following increases of 0.4% and 0.2% in September and October, respectively. Energy prices, which figured prominently in the CPI’s increase throughout 1999, moderated substantially in the last two months. After an increase of nearly 2% in September, the CPI’s energy index fell 0.1% in October and remained flat in November. Excluding food and energy, however, the November CPI was up 0.2% (2.7% annualized).

Suggested citation: "Inflation and Prices," Federal Reserve Bank of Cleveland, Economic Trends, no. 00-01, pp. 07-08, 01.01.2000.

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