Inflation and Prices
Following the largest monthly increase in nearly a decade, the Consumer Price Index (CPI) was unchanged in April. Energy prices, whose sharp increases have pushed the index higher over the past few months, reversed course and dropped 1.9% (20.8% annualized) in April. This was the first decline posted by the retail energy price index since last June.
Suggested citation: "Inflation and Prices," Federal Reserve Bank of Cleveland, Economic Trends, no. 00-06, pp. 07-08, 06.01.2000.