by Bill McBride on 3/24/2015 08:31:00 AM
Tuesday, March 24, 2015
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in February on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index was unchanged before seasonal adjustment.I'll post a graph later today after the Cleveland Fed releases the median and trimmed-mean CPI. This was at the consensus forecast of a 0.2% increase for CPI, and above the forecast of a 0.1% increase in core CPI.
The seasonally adjusted increase in the all items index was broad-based, with increases in shelter, energy, and food indexes all contributing. The energy index rose after a long series of declines, increasing 1.0 percent as the gasoline index turned up after falling in recent months. The food index, unchanged last month, also rose in February, though major grocery store food group indexes were mixed.
The index for all items less food and energy rose 0.2 percent in February, the same increase as in January.
Posted by Bill McBride on 3/24/2015 08:31:00 AM