Inflation and Prices
The November inflation data show a continuing, generally broad-based pattern of disinflation. The Consumer Price Index (CPI) declined an annualized 2.6% in November after holding unchanged in October. The decline was partly the result of falling energy prices, which continued their descent by slipping another 3.0% after declining 3.9% in October.
Suggested citation: "Inflation and Prices," Federal Reserve Bank of Cleveland, Economic Trends, no. 04-01, pp. 02-03, 01.01.2004.