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A Closer Look at the Recent Pickup in Inflation

Author

Listed:
  • John Sporn
  • Andrea Tambalotti

Abstract

Inflation has picked up in the last few months. Between June and November 2010, the twelve-month change in the seasonally adjusted consumer price index (CPI) was stable, at slightly above 1 percent, but it jumped to 3.1 percent as of last April. Higher food and energy prices have been an important factor behind this pickup in “headline” inflation. However, core inflation has also increased; the year-over-year core CPI (excluding volatile food and energy prices) moved from a record low of 0.6 percent in October 2010 to 1.3 percent in April.

Suggested Citation

  • John Sporn & Andrea Tambalotti, 2011. "A Closer Look at the Recent Pickup in Inflation," Liberty Street Economics 20110606, Federal Reserve Bank of New York.
  • Handle: RePEc:fip:fednls:86749
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    More about this item

    Keywords

    Owners' Equivalent Rent; Consumer Price Index; Core and Headline; Inflation;
    All these keywords.

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment

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