But a few large companies have successfully restrained medical inflation.
The prices of key commodities, whose decline helped restrain inflation the last few years, are climbing again.
The Government has been trying to hold down growth to restrain inflation, which did show a sharp slowdown last year.
During his term, the bank managed the money supply to restrain inflation.
Still, until today, bank officials insisted that they were more worried about restraining inflation.
The report reinforced expectations that slowing growth would restrain inflation.
In addition, many Administration officials feel that the Fed may be right to raise rates now to restrain inflation.
The shift on interest rates and the dollar is likely to restrain inflation, but also slow economic growth, economists said.
Meanwhile, several forces that have helped restrain inflation are fading.
She said the rate increases, intended to restrain inflation, might be contributing to an economic slowdown.