The Rise (and Fall) of Inflation During the Early 2020s

Jane E. Ihrig, Kevin Kliesen and Scott Wolla
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Jane E. Ihrig: https://www.federalreserve.gov/econres/jane-e-ihrig.htm

Page One Economics Newsletter, 2023, 6 pages

Abstract: Inflation has been on many people’s minds. There are several measures of inflation available, and each one plays a role in providing a more complete understanding of inflation’s causes and effects. This Page One Economics® Econ Primer describes key measures of inflation, including the consumer price index, and how the Federal Open Market Committee pays particular attention to these measures as it makes policy decisions—adjusting its policy stance when necessary to move the economy toward maximum employment and price stability.

Keywords: inflation; Consumer Price Index (CPI); monetary policy (search for similar items in EconPapers)
Date: 2023
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