Fazio recommended keeping an eye on both the annualized figure and month-over-month changes for a better view of how inflation is changing over time. The 12-month index published by the BLS was 2. ...

An expansion in the money supply and high energy prices were cited as among the main reasons why inflation was so persistent at the time. The graph below shows the duration of persistent inflation ...

Expectations about inflation are an important indicator of actual future inflation: If market participants expect inflation to be higher, they may elevate prices, increasing the actual inflation rate ...