Inflation and Prices
The Consumer Price Index (CPI) rose a mere 0.6% (annualized rate) in February, after rising at a brisk annualized rate of 8.2% in January. Monthly growth in the core retail price measures was mixed: The CPI excluding food and energy rose 1.8% (annualized rate), whereas the median CPI was up a rather high 3.5% (annualized rate) during the month, exceeding its 12-month growth rate.
Suggested citation: “Inflation and Prices,” Federal Reserve Bank of Cleveland, Economic Trends, no. 06-04, pp. 02-03, 04.15.2006.