Wednesday, March 11, 2020

BLS: CPI increased 0.1% in February, Core CPI increased 0.2%

by Calculated Risk on 3/11/2020 08:31:00 AM

From the BLS:

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in February on a seasonally adjusted basis, the same increase as in January, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.3 percent before seasonal adjustment.
...
The index for all items less food and energy rose 0.2 percent in February, the same increase as in January.
...
The all items index increased 2.3 percent for the 12 months ending February, a smaller increase than the 2.5-percent figure for the period ending January. The index for all items less food and energy rose 2.4 percent over the last 12 months.
emphasis added
Overall inflation was close to expectations in February. I'll post a graph later today after the Cleveland Fed releases the median and trimmed-mean CPI.