Consumer Price Index
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in January on a seasonally adjusted basis, after rising 0.2 percent in December the U.S. Bureau of Labor Statistics reported today. The index for shelter accounted for the largest part of the increase, with the indices for food and for medical care services also rising. These increases more than offset a decrease in the gasoline index, which fell 1.6 percent.
The all items index increased 2.5 percent for the 12 months ending January, the largest 12-month increase since the period ending October 2018. The index for all items less food and energy rose 2.3 percent, the same 12-month increase as reported in the previous three months. The food index rose 1.8 percent, while the energy index increased 6.2 percent. www.bls.gov/cpi/