Inflation and Prices
The Consumer Price Index rose 0.5% in February (6.6% at an annualized rate), its largest monthly increase since April 1999. Rising energy costs were largely responsible; the CPI’s energy index rose 4.6% in February alone. Within the energy category, petroleum-based fuels registered an 8.0% price increase. The transportation index also reflected rising energy costs, increasing 1.3% in the month.
Suggested citation: "Inflation and Prices," Federal Reserve Bank of Cleveland, Economic Trends, no. 00-04, pp. 07-08, 04.01.2000.