Consumer Price Index
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent in January on a seasonally adjusted basis the U.S. Bureau of Labor Statistics reported today. The seasonally adjusted increase in the all items index was broad-based, with increases in the indices for gasoline, shelter, apparel, medical care, and food all contributing. The indices for airline fares and new vehicles were among those that declined over the month.
The all items index rose 2.1 percent for the 12 months ending January, the same increase as for the 12 months ending December. The index for all items less food and energy rose 1.8 percent over the past year, while the energy index increased 5.5 percent, and the food index advanced 1.7 percent.