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That's mild inflation.
And mild inflation gives policy makers more leeway to act.
Uncomfortably for policy makers, the recent bout of mild inflation has also been uneven.
The increase is further evidence that consumers are benefiting from mild inflation.
Mild inflation leaves consumers with more money to spend, which tends to increase economic growth.
What was needed was an infusion of money -- more silver and more paper dollars -- to create mild inflation.
Similar(22)
Other data showed only mild underlying inflation pressures, giving the Federal Reserve room to keep interest rates low to revive the economy.
Deflation is often blamed for the "lost decade" in Japan, and an Ernst and Young spokeswoman stressed that the company adheres to the mainstream economic view that mild positive inflation is best for a national currency.
"Stock price gains are expected to continue, supported by improvements in corporate performance, and mild-mannered inflation and interest rates," said Abby Joseph Cohen, the chief United States strategist for Goldman , Sachs
Cohen went on to say that the outlook for stocks is favorable based on "solid corporate performance and mild-mannered inflation".
Increased domestic spending within Japan has produced a mild acceleration of inflation, accompanied by the inevitable rising interest rates.
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CEO of Professional Science Editing for Scientists @ prosciediting.com