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Inflation and Prices

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After increasing 0.2% in July, the Consumer Price Index (CPI) fell an annualized 0.7% in August, its first drop in more than 14 years. Energy prices again played a prominent role in the retail inflation estimate, as prices for petroleum products declined 5.5% (monthly).

Suggested citation: "Inflation and Prices," Federal Reserve Bank of Cleveland, Economic Trends, no. 00-10, pp. 08-09, 10.01.2000.

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