The Finer Points of Cyclical and Acyclical Inflation

Distinguishing between items that change price with economic growth and those that are unaffected is one way to learn more about inflation. An update to the SF Fed’s Cyclical and Acyclical Core PCE Inflation measure uses a new method to improve such inflation data. Read more

The Federal Reserve Bank of San Francisco (SF Fed) serves the public by promoting a healthy, sustainable economy, and supporting the nation’s financial and payment systems. With offices in Los Angeles, Seattle, Salt Lake City, Portland and Phoenix, the Bank serves the Twelfth Federal Reserve District, which includes one-fifth of the nation’s population and represents the world’s fourth-largest economy. As part of the nation’s central bank, the SF Fed informs monetary policy, regulates banks, administers certain consumer protection laws and acts as a financial partner to the U.S. government.