Data Updates

Data Updates

Keeping you up to date on the latest data releases.

July 2014

  • 03.18.2010
  • CPI
  • The CPI was flat (0.0 percent annualized rate) during the month, as energy prices slipped down 6.3 percent in February, following a 39 percent jump in January. The core CPI edged up 0.6 percent (annualized rate) in February, and has only ticked up 0.1 percent over the past three months, pulling its 12-month growth rate down from 1.6 percent in January to 1.3 percent. Measures of underlying inflation trends produced by the Federal Reserve Bank of Cleveland—the median and 16 percent trimmed-mean CPI—were mixed in February. The median CPI actually posted its first annualized monthly decrease since December 1982, ticking down 0.3 percent in February. The 16 percent trimmed-mean CPI increased a slight 0.5 percent. On a year-over-year basis, the trim is up 1.1 percent, while the median CPI has risen just 0.8 percent (a series low). Softness was evident in the price change distribution, as a majority of the consumers’ marketbasket (51 percent) posted outright price declines in February. Categories of note in the lower tail: apparel, household furnishings and operations, personal care services, recreation, and some of the regional OER indexes. On the other end of the distribution, a little over 23 percent of the index (by expenditure weight) rose at rates exceeding 3 percent, with 21 percent rising at rates greater than 5 percent. In this tail, large and continued increases in used auto prices and medical care commodities is helping to hold up the overall index.