The Atlanta Federal Reserve announces an increase in the consumer price index of 5% year-on-year in March (previously +4%)
Excerpt from the “FRED” study by the Federal Reserve Bank of St. Louis, conveying research from the Atlanta Fed:
Sticky price CPI (slow-moving consumer prices) rose 5.0% on an annualized basis in March, following a 4.0% increase in February
Down from its peak, sure, but up from its lows.
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The Sticky Price Consumer Price Index (CPI) is calculated from a subset of goods and services included in the CPI whose prices change relatively rarely. Because the prices of these goods and services change relatively rarely, they are thought to reflect expectations of future inflation more than prices that change more frequently. A possible explanation for price stickiness could be the costs incurred by firms when they change their prices.
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