Keeping you up to date on the latest data releases.
- Consumer Price Index
The headline CPI index rose at an annualized rate of 1.2 percent from January to February after increasing 1.7 percent in January and 2.9 percent in December. Excluding food and energy, the “core” CPI index advanced 1.4 percent after rising 1.5 percent last month. The BLS reported that more than half of the increase in the consumer basket was driven by a 4.9 percent jump in the food index. Counteracting the increase in food, the energy index declined −5.6 percent. Plummeting gasoline prices (down −19.0 percent) offset advances in fuel oil and natural gas. On a year-over-year basis, the headline CPI rose 1.1 percent, bringing February’s number below those of January (1.6 percent) and December(1.5 percent). The core CPI advanced 1.6 percent, unchanged from January’s 1.6 percent increase. The 16 percent trimmed-mean posted annualized monthly gains of 1.9 percent and the median CPI rose 2.2 percent. The year-over-year growth rates of the trimmed-mean CPI and the median CPI remained unchanged relative to the past two months with the trimmed-mean marking 1.6 percent and the median 2.0 percent. The median CPI has increased at a pace of 2.0 percent for five of the past six months.