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Consumer Price Index Up 6% Year over Year

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the staff of the Ridgewood blog

Ridgewood NJ, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in February on a seasonally adjusted basis, after increasing 0.5 percent in January, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 6.0 percent before seasonal adjustment.

The index for shelter was the largest contributor to the monthly all items increase, accounting for over 70 percent of the increase, with the indexes for food, recreation, and household furnishings and
operations also contributing. The food index increased 0.4 percent over the month with the food at home index rising 0.3 percent. The energy index decreased 0.6 percent over the month as the natural gas and
fuel oil indexes both declined.

The index for all items less food and energy rose 0.5 percent in February, after rising 0.4 percent in January. Categories which increased in February include shelter, recreation, household furnishings and
operations, and airline fares. The index for used cars and trucks and the index for medical care were among those that decreased over the month.

The all items index increased 6.0 percent for the 12 months ending February; this was the smallest 12-month increase since the period ending September 2021. The all items less food and energy index rose
5.5 percent over the last 12 months, its smallest 12-month increase since December 2021. The energy index increased 5.2 percent for the 12 months ending February, and the food index increased 9.5 percent
over the last year.

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3 thoughts on “Consumer Price Index Up 6% Year over Year

  1. With the bank bailout this week, disinflation is now over and we will see new highs this decade. CPI is rigged and manipulated measure of the tertiary effects of Inflation. Inflation is deficit spending. The secondary effect is Fed monetization and the third effect is price increases.

  2. Not a peep from the media.

    They’d be hysterical with a never-ending stream of ad hominem attacks… “under his watch” “the worst fiscal disaster in the last century” “impeachment”, etc. if there was an “R” in office rather than a “D”

    This is why nobody trusts the news.

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    1. Yes, although they immediately put everything wrong with the world on the R controlled House. It’s simply baffling as they don’t seem to do this when the D party have full control of Congress. The MSM is nothing more than the PR arm of the DNC.

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