Inflation increased slightly in January according to several key measures. Consumer prices rose 0.2% while producer prices increased 0.1%. Both measures show prices are noticeably higher than a year ago. Core consumer prices, excluding food and energy, are just outside the target range of 1-2%. Some items like meats, food, transportation and medical costs are rising at a considerable rate causing concern. The Federal Reserve has committed to keeping interest rates low through late 2014 to help the economy, though this policy could lead to higher inflation.

1. February 2012 Inflation Watch An Eye on Prices February 28, 2012 Next Release: March 19, 2012