Consumer Price Index Increases 0.3% in January 2021

According to the U.S. Bureau of Labor Statistics (BLS) report released today (2-10-2021) the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% on a seasonally adjusted basis. The all-items index rose 1.4% for the 12 months ending January 2021, the same increase as the period ending in December 2020. The gasoline index continued to increase, rising 7.4% in January and accounting for most of the seasonally adjusted increase in the all-items index. Although the indexes for electricity and natural gas declined, the energy index rose 3.5% over the month. The food index rose slightly in January, increasing 0.1% as an advance in the index for food away from home more than offset a decline in the index for food at home. The index for all items less food and energy was unchanged in January.

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:
Consumer Price Index, January 2021