Inflation and Prices
After three consecutive monthly declines, the Consumer Price Index (CPI) rose for the second straight month in February. The 0.2% increase the index registered in February (2.7% at an annual rate) was nearly identical to the increase it posted in January. Energy prices continued to demonstrate their characteristic volatility, falling in February after rising in January.
Suggested citation: "Inflation and Prices," Federal Reserve Bank of Cleveland, Economic Trends, no. 02-04, pp. 02-03, 04.01.2002.