Consumer Price Index
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in January on a seasonally adjusted basis the U.S. Bureau of Labor Statistics reported today. The increase was the largest seasonally adjusted all items increase since February 2013. A sharp 7.8 percent rise in the gasoline index accounted for nearly half the increase, and advances in the indices for shelter, apparel, and new vehicles also were major contributors.
The all items index rose 2.5 percent for the 12 months ending January, the largest 12-month increase since March 2012, with the energy index increasing 10.8 percent, its largest 12-month increase since November 2011.