Fed interest rate policy guidelines

U.S. Inflation and Unemployment

January 16, 2013

U.S. inflation is significantly under long-term norms.  Consumer prices rose 1.7% between the end of 2011 and end-2012.  By comparison, the CPI rose 3.0% in the previous twelve months.  Over the five years to December 2012, CPI inflation averaged 1.8% per year compared to average inflation of 3.0% during the past 30 years and 3.6% […] More