Consumer Prices Rose 0.2% in February

The Consumer Price Index grew 0.2% in February on a seasonally adjusted basis, according to U.S. Bureau of Labor Statistics. This followed a 0.5% January increase. Over the last 12 months, the all-items index rose 2.2%.

Prices for all items less food and energy, the “core CPI,” grew 0.2% in February, following a 0.3% January increase. The index rose 1.8% for the 12 months ending in February.

The food index was unchanged, while prices for food at home decreased 0.2%. Food away from home grew 0.2%. Over the past 12 months, food prices are up 1.4%.

The energy index fell 0.1% in February after a 3.0% gain in January. Fuel oil prices declined 3.6%. The energy index rose 7.7% in the last twelve months.

Read the BLS release.

About Stephen Newton

Stephen Newton is an economic research associate at ABA.