Inflation and Prices
The consumer price index (CPI) rose only 0.1% (1.3% annual rate) in November. After increasing sharply over the last several months, energy prices fell for the first time in six months. However, the index for food and beverages advanced more rapidly in the most recent report: After October’s 0.1% increase, food and beverage prices rose 0.3% in November. According to the Labor Department, upturns in the indexes for fruits and vegetables and for meats, poultry, fish, and eggs were partly responsible.
Suggested citation: "Inflation and Prices," Federal Reserve Bank of Cleveland, Economic Trends, no. 03-01, pp. 02-03, 01.01.2003.