Inflation and Prices
The Consumer Price Index (CPI) declined at an annualized rate of 6.4% in November, its largest monthly drop in more than 55 years. However, growth in the core CPI measures was troublesome: The CPI excluding food and energy rose 3.0% (annualized rate) for the second consecutive month, and the median CPI increased 2.6% (annualized rate).
Suggested citation: “Inflation and Prices,” Federal Reserve Bank of Cleveland, Economic Trends, no. 06-01, pp. 02-03, 01.15.2006.