WASHINGTON -- Federal Reserve Board Chairman Alan Greenspan and his colleagues have a public relations problem: The inflation numbers look terrific, and could get better.

In the last six months, the Labor Department's consumer price index has increased at an annual rate of 1.9%. Wholesale prices, as measured by the government's producer price index, have hardly increased in the last year..

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.