Consumer Price Index for All Urban Consumers Increased Year-Over-Year 1.7% and 0.4% in February

The Bureau of Labor Statistics (BLS) is reporting that the Consumer Price Index (CPI) for All Urban Consumers (CPI-U) increased 0.4% in February on a seasonally adjusted basis after rising 0.3% in January. The all-items index rose 1.7% for the 12 months ending February, a larger increase than the 1.4% reported for the period ending in January. The index for all items less food and energy rose 1.3% the last 12 months, a smaller increase than the 1.4% rise for the 12 months ending January. The food index rose 3.6% over the last 12 months, while the energy index increased 2.4% over that period. The gasoline index continued to increase, rising 6.4% in February and accounted for over half of the seasonally adjusted increases in the all items index. The electricity and natural gas indexes also increased, and the energy index rose 3.9% over the month. The food index rose 0.2% in February, with the index for food at home and the index for food away from home both rising.

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Original Source: