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%.
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.