This page shows the state of growth for the U.S. economy. U.S. economic growth has been robust since the 2008 recession but this is still the slowest economic recovery since WWII. The chart on the right shows both the headline and core Consumer Price Index (CPI) over the last 50 years. Core CPI excludes food and energy prices, which tend to vary more widely than other prices, and examining both allows us to see the trend in prices versus their long-run averages. Personal Consumption Expenditure (PCE) and core PCE are the measures of inflation which the U.S. Federal Reserve use when setting policy rates. These differ slightly from the more widely published inflation figures, but follow a similar trend.