The charts below are from the St. Louis Federal Reserve, using CPI data from the BLS, and show the percent change from a year ago, from 2000 - 2008.
Inflation: All Items Less Energy and Food
Is it possible that inflationary fears are inflated? Consider that:
- Food inflation fell in both February and March 2008.
- Energy inflation fell in both February and March, and is lower in 2008 than in 11 months in 2005 and 2006.
- Inflation for all items less food and energy is lower in 2008 than in 10 months in 2006 and 2007.