{"id":174405,"date":"2023-03-14T08:56:25","date_gmt":"2023-03-14T15:56:25","guid":{"rendered":"https:\/\/inbusinessphx.com\/?p=174405"},"modified":"2023-03-14T08:56:25","modified_gmt":"2023-03-14T15:56:25","slug":"cpi-rises-6-in-february-as-shelter-increases-inflation-falls-as-expected","status":"publish","type":"post","link":"https:\/\/staging.inbusinessphx.com\/?p=174405","title":{"rendered":"CPI Rises 6% in February as Shelter Increases, Inflation Falls as Expected"},"content":{"rendered":"
\"\"<\/a>\nThe Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in February on a seasonally\nadjusted basis, after increasing 0.5 percent in January, the U.S. Bureau of Labor Statistics reported\ntoday. Over the last 12 months, the all items index increased 6.0 percent before seasonal adjustment.\n\nThe index for shelter was the largest contributor to the monthly all items increase, accounting for over\n70 percent of the increase, with the indexes for food, recreation, and household furnishings and\noperations also contributing. The food index increased 0.4 percent over the month with the food at home\nindex rising 0.3 percent. The energy index decreased 0.6 percent over the month as the natural gas and\nfuel oil indexes both declined.\n\nThe index for all items less food and energy rose 0.5 percent in February, after rising 0.4 percent in\nJanuary. Categories which increased in February include shelter, recreation, household furnishings and\noperations, and airline fares. The index for used cars and trucks and the index for medical care were\namong those that decreased over the month.\n\nThe all items index increased 6.0 percent for the 12 months ending February; this was the smallest\n12-month increase since the period ending September 2021. The all items less food and energy index rose\n5.5 percent over the last 12 months, its smallest 12-month increase since December 2021. The energy\nindex increased 5.2 percent for the 12 months ending February, and the food index increased 9.5 percent\nover the last year. \n\n<\/span>Food<\/strong>\n\nThe food index increased 0.4 percent in February, and the food at home index rose 0.3 percent over the\nmonth. Five of the six major grocery store food group indexes increased over the month. The index for\nnonalcoholic beverages increased 1.0 percent in February, after a 0.4-percent increase the previous\nmonth. The indexes for other food at home and for cereals and bakery products each rose 0.3 percent\nover the month. The index for fruits and vegetables increased 0.2 percent in February, and the index\nfor dairy and related products rose 0.1 percent.\n\nIn contrast, the meats, poultry, fish, and eggs index fell 0.1 percent over the month, the first\ndecrease in that index since December 2021. The index for eggs fell 6.7 percent in February following\nsharp increases in recent months.\n\nThe food away from home index rose 0.6 percent in February, as it did in January. The index for limited\nservice meals increased 0.7 percent over the month and the index for full service meals increased 0.6\npercent. \n\nThe food at home index rose 10.2 percent over the last 12 months. The index for cereals and bakery\nproducts rose 14.6 percent over the 12 months ending in February. The remaining major grocery store\nfood groups posted increases ranging from 5.3 percent (fruits and vegetables) to 12.4 percent (other\nfood at home).\n\nThe index for food away from home rose 8.4 percent over the last year. The index for full service meals\nrose 8.0 percent over the last 12 months, and the index for limited service meals rose 7.2 percent over\nthe same period. \n\nEnergy<\/strong>\n\nThe energy index fell 0.6 percent in February, after increasing 2.0 percent in January. The natural gas\nindex decreased 8.0 percent over the month, the largest 1-month decrease in that series since October\n2006. The fuel oil index fell 7.9 percent over the month, following a 1.2-percent decline in January.\nIn contrast, the gasoline index rose 1.0 percent in February, following a 2.4-percent increase in the\nprevious month. (Before seasonal adjustment, gasoline prices rose 1.7 percent in February.) The index\nfor electricity increased 0.5 percent over the month.\n\nThe energy index rose 5.2 percent over the past 12 months. The fuel oil index rose 9.2 percent over the\nlast 12 months, while the index for electricity rose 12.9 percent, and the index for natural gas\nincreased 14.3 percent over the same period. The gasoline index decreased 2.0 percent over the span.\n\nAll items less food and energy<\/strong>\n\nThe index for all items less food and energy rose 0.5 percent in February, after rising 0.4 percent in\nJanuary. The shelter index continued to increase, rising 0.8 percent over the month. The index for rent\nrose 0.8 percent in February, while the index for owners' equivalent rent increased 0.7 percent over the\nmonth. The index for lodging away from home increased 2.3 percent in February. \n\nThe shelter index was the dominant factor in the monthly increase in the index for all items less food\nand energy. Among the other indexes that rose in February was the index for recreation, which increased\n0.9 percent, and the index for household furnishings and operations which increased 0.8 percent. The\nairline fares index rose 6.4 percent, ending a string of four consecutive declines. The index for motor\nvehicle insurance, the index for apparel, the index for personal care, and the index for new vehicles\nalso increased in February. In contrast, the index for used cars and trucks fell 2.8 percent in \nFebruary, continuing a recent downward trend. \n\nThe medical care index fell 0.5 percent in February, after falling 0.4 percent in January. The index for\nphysicians' services continued to decline, falling 0.5 percent after declining 0.1 percent in January.\nThe hospital services index and the prescription drugs index were unchanged in February. \n\nThe index for all items less food and energy rose 5.5 percent over the past 12 months. The shelter index\nincreased 8.1 percent over the last year, accounting for over 60 percent of the total increase in all\nitems less food and energy. Other indexes with notable increases over the last year include motor\nvehicle insurance (+14.5 percent), household furnishings and operations (+6.1 percent), recreation\n(+5.0 percent), and new vehicles (+5.8 percent). \n\nNot seasonally adjusted CPI measures<\/strong>\n\nThe Consumer Price Index for All Urban Consumers (CPI-U) increased 6.0 percent over the last 12 months\nto an index level of 300.840 (1982-84=100). For the month, the index increased 0.6 percent prior to\nseasonal adjustment.  \n\nThe Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 5.8 percent over\nthe last 12 months to an index level of 295.057 (1982-84=100). For the month, the index increased 0.5\npercent prior to seasonal adjustment.  \n\nThe Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 6.2 percent over the last\n12 months. For the month, the index increased 0.6 percent on a not seasonally adjusted basis. Please\nnote that the indexes for the past 10 to 12 months are subject to revision. <\/span><\/pre>\n","protected":false},"excerpt":{"rendered":"
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in February on a seasonally adjusted basis, after increasing 0.5 percent in January, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 6.0 percent before seasonal adjustment. The index for shelter was the largest […]<\/p>\n","protected":false},"author":2,"featured_media":174406,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[6],"tags":[3],"class_list":["post-174405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-trends","tag-top-stories"],"_links":{"self":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts\/174405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=174405"}],"version-history":[{"count":0,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts\/174405\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/"}],"wp:attachment":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=174405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=174405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=174405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}