Atlanta Federal Reserve Chairman (Dennis Lockhart) Tuesday (8 February) that the U.S. inflation rate is still lower than the central bank's regulatory goals, individual types of goods or services, the prices are not indicative of the generally higher prices soon.
Lockhart said the Fed can not solve the problem of increasing cost of living, but need to ensure that the overall prices remained stable.
He added: "In my opinion, the proper definition of inflation is still limited at present, the individual is not indicative of higher commodity prices, overall inflation pressures increased significantly. At present the definition of underlying inflation levels below our level of threat to price stability . "
Lockhart expects core inflation will gradually increase in 2013 and 2.0% below the Fed's informal target range.
Lockhart inflation and cost of living in a clear division between, he considered that the former affects all commodity prices, while the latter is due to individual types of goods caused by higher prices. He pointed out that, like the Fed and other central banks, can not prevent fluctuations in the cost of living, can not prevent individual commodity prices higher.