Tuesday, March 24, 2015

Energy Prices Turn Up After Prolonged Decline

The Consumer Price Index rose 0.2% in February on a seasonally adjusted basis, driven by broad-based increases in shelter, energy and food indexes, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the CPI was unchanged before seasonal adjustment.

The energy index rose 1.0% on a monthly basis after a long series of declines as the gasoline index turned up after its sharp decline the previous month. Gasoline reported the largest increase in the energy category, increasing 2.4% from January.

The index for all items less food and energy rose 0.2% from the previous month, and 1.7% over the last 12 months. The food index rose 3.0% from the previous year. These year-over-year increases were offset by an 18.8% decline in the energy index.

Read the Bureau of Labor Statistics report.

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