CPI up 2.5 percent in 2006
January 19, 2007
For the 12-month period ended in December 2006, the Consumer Price Index for All Urban Consumers (CPI-U) rose 2.5 percent. This compares with an increase of 3.4 percent in 2005.
Energy costs, which rose sharply in both 2004 and 2005, advanced at a 22.8-percent annual rate in the first half of 2006 before declining at a 13.4-percent annual rate in the second half of the year. Overall energy costs rose 2.9 percent in all of 2006 with the index for petroleum-based energy advancing 6.1 percent, while the index for energy services declined 0.6 percent.
The food index, which rose 2.3 percent in 2005, increased 2.1 percent in 2006. Food at home prices rose 1.4 percent in 2006; the index for dairy products declined 1.2 percent, while the other five major grocery store food groups registered increases of between 0.7 and 3.1 percent.
Excluding food and energy, the CPI-U advanced 2.6 percent in 2006, following increases of 2.2 percent in each of the two preceding years.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, CPI up 2.5 percent in 2006 on the Internet at http://www.bls.gov/opub/ted/2007/jan/wk3/art04.htm (visited November 29, 2015).
Recent editions of Spotlight on Statistics
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.
- A look at pay at the top, the bottom, and in between
The Spotlight examines how earnings and wages have changed over time and how they differ within a geographic area, industry, or occupation.