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Inflation and Prices

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Growth in retail prices was subdued in June. After falling 0.6% in May, the Consumer Price Index remained unchanged. There were modest increases in the core CPI, which excludes volatile food and energy prices (1.2%), and the median CPI, which controls for volatile monthly price changes by considering only the center of the monthly price-change distribution (2.1%).

Suggested citation: “Inflation and Prices,” Federal Reserve Bank of Cleveland, Economic Trends, no. 05-08, pp. 02-03, 08.01.2005.

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