Inflation and Prices
The Consumer Price Index (CPI) continued its decline in December, falling at a 0.6% annualized rate, after plummeting 6.4% (annualized) in November. Growth in the core CPI measures moderated somewhat: The CPI excluding food and energy rose 2.4% (annualized), and the median CPI increased 2.5% (annualized).
Suggested citation: “Inflation and Prices,” Federal Reserve Bank of Cleveland, Economic Trends, no. 06-02, pp. 02-03, 02.15.2006.