Inflation and Prices
The Consumer Price Index (CPI) increased at an annualized 3% rate in October, twice its average pace for the past year. However, there was no change in September, and the CPI has risen at an annualized pace of only 1.7% over the last three months.
Suggested citation: “Inflation and Prices,” Federal Reserve Bank of Cleveland, Economic Trends, no. 98-12, pp. 08-09, 12.01.1998.