Inflation and Prices
The Consumer Price Index (CPI) rose at an annualized rate of 3.3% in September, down from August’s 4.0% annualized increase. Energy prices continued their steep ascent: After rising 2.7% in August, the CPI’s energy index increased 3.0% in September. The Labor Department attributed this primarily to gasoline prices, which spiked up 6.3% in the month.
Suggested citation: "Inflation and Prices," Federal Reserve Bank of Cleveland, Economic Trends, no. 03-11, pp. 02-03, 11.01.2003.