The consumer price index rose .47 to 227.5 in January. This is a 2.9% increase over January 2011. CPI inflation was near 3% during 2011, was under 2% for most of 2010, and was negative for much of 2009. Ideally, inflation will keep a steady pace at a reasonable 3%, but since it’s been trending upward for the past 3 years extra attention should be paid to its future movements.
-From the Bureau of Labor Statistics and the St. Louis Federal Reserve