Low Inflation in the United States: A Summary of Recent Research

Posted: 31 Oct 2015

See all articles by Michael T. Kiley

Michael T. Kiley

Board of Governors of the Federal Reserve System

Date Written: November 23, 2015

Abstract

Inflation in the United States has been running at low levels. Over the five years ending in December 2014, the percent change in the Consumer Price Index (CPI), at 8.8 percent (or 1.7 percent at an annual rate), was the lowest rate of price increase seen in the United States in half a century.

Suggested Citation

Kiley, Michael T., Low Inflation in the United States: A Summary of Recent Research (November 23, 2015). FEDS Notes No. 2015-11-23 https://doi.org/10.17016/2380-7172.1665, Available at SSRN: https://ssrn.com/abstract=3721667

Michael T. Kiley (Contact Author)

Board of Governors of the Federal Reserve System ( email )

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