Consumer Price Index Rises 0.1% in February

The U.S. Department of Labor, Bureau of Labor Statistics has announced that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1% in February on a seasonally adjusted basis. This is the same increased value that was reported in January. Over the past 12-months, the all item index increased 2.3% prior to seasonal adjustment. Increases in the indexes for shelter and for food were the main causes of the increase in the seasonally adjusted all items index, more than offsetting a decline in the energy index. In the largest increase since May 2014, the food index increased 0.4%, with the food at home index increasing 0.5%.