Inflation and Prices
The Consumer Price Index (CPI) rose 0.7% in March (8.8% annualized), its largest monthly increase since August 1990. The increase was led by rising energy prices, which, according to the Department of Labor, accounted for more than half the monthly change in the measure. This statistic is certainly striking, but the breadth of price increases outside the energy sector may be even more noteworthy.
Suggested citation: "Inflation and Prices," Federal Reserve Bank of Cleveland, Economic Trends, no. 00-05, pp. 07-08, 05.01.2000.