Inflation and Prices
During December, the Consumer Price Index (CPI) declined at a 0.6% annualized rate, reflecting a 19.8% drop in energy prices. The core CPI rose 1.8% for the second straight month, while the median CPI increased 2.1%.
Suggested citation: “Inflation and Prices,” Federal Reserve Bank of Cleveland, Economic Trends, no. 05-02, pp. 02-03, 02.01.2005.