Consumer Price Index
The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.2 percent in February on a seasonally adjusted basis the U.S. Bureau of Labor Statistics reported. The energy index continued to decrease and was the major cause of the seasonally adjusted decline in the all items index. The index for all items less food and energy rose 0.3 percent. Increases in the indices for shelter, apparel, and medical care were the largest contributors to the rise, but almost all major components increased in February.
The all items index rose 1.0 percent over the last 12 months, a smaller increase than the 1.4-percent change for the 12 months ending January.