02.15.2017
According to the Bureau of Labor Statistics the Consumer Price Index for all urban consumers (CPI-U) increased 0.6 percent in January on a seasonally-adjusted basis. This increase is the largest since February 2013. An increase in the gasoline index accounted for nearly half of the increase in CPI-U although increases in the indexes for shelter apparel and new vehicles also contributed. The energy index rose 4.0 percent in January 2017 while the gasoline index rose 7.8 percent. The food index which has not changed for the previous six months rose 0.1 percent in January.
Excluding the volatile costs of food and energy the index for all items less food and energy rose by 0.3 percent in January primarily due to the significant increases (0.8 percent or more) in the indexes for apparel new vehicles motor vehicle insurance and airline fares. The shelter index rose only 0.2 percent a smaller increase compared to recent months.
The all items index has risen 2.5 percent over the last 12 months before seasonal adjustment the largest 12-month increase since March 2012.
The full press release can be found via the link below.
Next release is Wednesday March 15 2017 for the February 2017 Consumer Price Index.
