Inflation and Prices
The Consumer Price Index rose 2.1% (annualized) in November, replicating the growth rate for October. Despite two consecutive months of moderate growth, CPI has grown at 3.5% (annualized) since September, just above the 3.4% average rate for the past 12 months. Consumer prices for 2000 are expected to register a substantially larger increase than the annual advances experienced in 1995–99.
Suggested citation: "Inflation and Prices," Federal Reserve Bank of Cleveland, Economic Trends, no. 01-01, pp. 09-10, 01.01.2001.