MIT's BPP Shows Low, Stable Inflation over Last Yr.
According to the Billion Prices Project at MIT, annual U.S. inflation a year ago was running at 2.33% and annual inflation as of yesterday was 2.79%. The range over the last year has been between 2.20% in November and 2.84% last August. Based on this record of low and stable inflation over the last year, shouldn't Bernanke's monetary policy get a pretty high letter grade? A?