Consumer prices in February
March 18, 2004
On a seasonally adjusted basis, the Consumer Price Index for all Urban Consumers (CPI-U) increased 0.3 percent in February, following an increase of 0.5 percent in January.
Energy costs, which rose 4.7 percent in January, advanced 1.7 percent in February. Within energy, the index for petroleum-based energy advanced 2.5 percent and the index for energy services increased 0.9 percent.
The index for food rose 0.2 percent in February after registering no change in January. The index for all items less food and energy rose 0.2 percent in February, the same as in January.
The index for housing rose 0.2 percent in February. Shelter costs increased 0.1 percent in February, the same as in January.
The transportation index, which rose 1.7 percent in January, advanced 0.7 percent in February. The index for gasoline rose 2.5 percent in February, following an 8.1-percent rise in January, accounting for about 80 percent of the February advance in the transportation component.
For the 12-month period ended in February, the CPI-U rose 1.7 percent, as shown in the chart.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer prices in February on the Internet at http://www.bls.gov/opub/ted/2004/mar/wk3/art04.htm (visited December 22, 2014).