The latest annualized rate is 2.14%.
The February 2010 Consumer Price Index for Urban Consumers ((CPI-U)) is 216.741. The annualized inflation rate computed from this number is 2.14%, which marks the fourth month of mild inflation after a streak of 8 consecutive months of deflation. The annualized inflation rate of the last four months, however, is well below the 4.1% average since the end of World War II.
Note: The Alternate CPI puts the annualized inflation rate at 9.39%. This number comes from the ShadowStats.com pre-1982 calculation method.
The Bureau of Labor Statistics (BLS) began calculating the CPI in 1913 (BLS historic data). Our chart now shows inflation back to 1872 by adding Warren and Pearsons's price index for the earlier years. This look further back into the past dramatically illustrates the extreme oscillation between inflation and deflation during the first 70 years of our timeline.
The March 2010 CPI is scheduled for release on April 14, 2010.
Disclosure: No positions