Monetary Policy Report submitted to the Congress on July 18, 2007, pursuant to section 2B of the Federal Reserve Act
| Period | Total | Excluding food and energy |
|---|---|---|
| 2001 | 1.46 | 2.17 |
| 2002 | 2.00 | 1.56 |
| 2003 | 1.96 | 1.49 |
| 2004 | 2.96 | 2.21 |
| 2005 | 2.88 | 2.12 |
| 2006 | 2.23 | 2.15 |
| 2007 | 4.38 | 1.94 |
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Note: The data are for personal consumption expenditures (PCE). Through 2006, change is from December to December; for 2007, change is from December to May. Source: Department of Commerce, Bureau of Economic Analysis. |