13 May 2011 Prices Up Again
Posted at 14:53h in The Friday BriefPrices are rising where we notice them the most; the grocery store and the gas pump, so it feels like inflation is rearing its ugly head again. On an unadjusted annual basis, headline inflation was up 3.2% in April while the core (excludes food and energy) was up 1.3%. A headline rate of 3.2% is not unusual for recent history. It peaked once in 2008, reaching 3.8%, but has not sustained highs much above 3% since the 70’s and late 80’s.