Inflation and Prices
The consumer price index continues to bounce around, rising an annualized 2% in January after falling 2% in December. Over the past three months, the CPI remained unchanged (on average) because a sharp drop in energy prices offset modest price increases in other components of the consumer market basket.
Suggested citation: "Inflation and Prices," Federal Reserve Bank of Cleveland, Economic Trends, no. 02-03, pp. 02-03, 03.01.2002.