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Inflation continued to decline in October, but core inflation remains above pre-pandemic levels.
Based on the most recent economic data, we now estimate that annual inflation will drop to about 4 percent by the second quarter of 2023.
We discuss our new economic outlook, released as part of our response to the Governor's 2017 May Revision.
We discuss the state's economic outlook, including the administration's assessment of the near-term economic outlook in the Governor's May Revision to his 2016-17 budget proposal.
A spike in gas prices contributed to Los Angeles-area consumer prices rising substantially faster than the nation as a whole in July, according to new federal data.
Consumer price index (CPI) data for all of 2014 is now available.
Inflation in the U.S. economy was very low in late 2014, and further drops in prices are possible in early 2015. We discuss both the risks and benefits of low price growth.