Inflation Picture Mixed: Inflation Still 5.6% (Not Counting Food and Energy) Posted on April 13, 2023 by admin | 108 Comments Spread the loveInflation has come down from its historic highs, though not far enough to stop plaguing the economy just yet. That’s the takeaway from data released yesterday. First, the good news: Prices rose at their slowest pace in nearly two years, having climbed 5 percent in the 12 months that ended in March. The increase is still higher than the 2 percent annual rate that policymakers seek to keep the economy humming — but is down from a peak of 9 percent last summer. The bad news is that other measures — particularly indicators that exclude food and energy prices, which are known as core inflation — tell a more mixed story.
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