Inflation and Prices
After declining in October, the Consumer Price Index (CPI) remained unchanged in November. Energy prices posted another significant decline after falling more than 6.0% in October. Food prices also fell in November (0.1%). These price movements helped dampen the overall rate of change in consumer prices for the month. Over the past 12 months, the CPI rose at a rate of only 1.9%. By comparison, in the previous November the index’s 12-month percent change was almost 3.5%.
Suggested citation: "Inflation and Prices," Federal Reserve Bank of Cleveland, Economic Trends, no. 02-01, pp. 02-03, 01.01.2002.