United States Consumer Price Index Rises At A Slower Pace In February

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The United States consumer price index (CPI) has expanded 0.2 percent in February on a seasonally adjusted term, Bureau of Labor Statistics data revealed. The rate of expansion was slower than the 0.5 percent seen in the preceding month.

In the last 12-month period, the United States CPI increased 2.2 percent before any seasonal adjustments.
The main contributor the CPI increase in February was the shelter, apparel, and motor vehicle insurance indexes that added to the one-month seasonally adjusted basis. The energy index also rose modestly though its component indexes were mixed.

However, the index for food remained unchanged due to index for food at home compensated the increase in the food away from home index. The index for all items barring food and energy advanced 0.2 percent after a 0.3 percent expansion in the preceding month. The indexes for household furnishings and operations, education, personal care, and airline fares along with shelter and apparel also advanced.

On the other hand, communication, new vehicles, medical care and used cars and trucks indexes dipped over the month.

The release added, “The all items index rose 2.2 percent for the 12 months ending February, a slightly larger increase than the 2.1-percent rise for the 12 months ending January. The index for all items less food and energy rose 1.8 percent over the past year, while the energy index increased 7.7 percent and the food index advanced 1.4 percent.”

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