US Inflation Rises 1.6% in January


US Consumer Price Index for All Urban Consumers (CPI-U) increased 1.6 percent over the last 12 months to an index level of 220.223 (1982-84=100). For the month, inflation rate increased 0.4 percent in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported on February 17.

Over the last 12 months, the food index has risen 1.8 percent with the food at home index up 2.1 percent; both 12-month changes are the highest since 2009. The energy index has increased 7.3 percent over the last 12 months, with the gasoline index up 13.4 percent. The  index for all items less food and energy has risen 1.0 percent.

Increases in indexes for energy commodities and for food accounted  for over two thirds of the all items increase. The indexes for gasoline and fuel oil both increased in January, continuing their  recent strong upward trend. The index for food at home posted its largest increase in over two years with all six major grocery store  food group indexes rising.
 
The index for all items less food and energy also rose in January.  The indexes for apparel, shelter, airline fares, and recreation all  posted increases. In contrast, the indexes for new vehicles and for used cars and trucks declined in January.
 


TradingEconomics.com, U.S. Bureau of Labor Statistics
2/17/2011 1:42:16 PM