The ​United States Consumer Price Index

 

Sanskara

The index for all items less food and energy increased 0.3 percent in December and rose 1.8 percent over the last 12 months. The shelter index rose 0.4 percent in December following a 0.2-percent increase in November. The rent index increased 0.4 percent over the month, and the index for owners’ equivalent rent advanced 0.3 percent. The index for lodging away from home increased 0.8 percent after falling in November.

The medical care index increased 0.3 percent in December. The index for prescription drugs rose 1.0 percent in December after increasing 0.6 percent in November. The indexes for hospital services and physicians’ services also increased, both rising 0.3 percent. The index for used cars and trucks also rose in December, increasing 1.4 percent. The new vehicles index rose 0.6 percent in December following a 0.3-percent increase in November; the index for motor vehicle insurance also increased 0.6 percent. The indexes for education, communication, and recreation all increased 0.1 percent in December.

In contrast, the apparel index fell 0.5 percent in December, its fourth consecutive decline. The tobacco index fell 0.6 percent in December after rising in each of the prior 3 months. The index for airline fares fell 0.5 percent after a 2.4-percent decrease the prior month. The indexes for household furnishings and operations and for personal care were both unchanged in December.

 

Not seasonally adjusted CPI measures

The Consumer Price Index for All Urban Consumers (CPI-U) increased 2.1 percent over the last 12 months to an index level of 246.524 (1982-84=100). For the month, the index declined 0.1 percent prior to seasonal adjustment.
The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 2.2 percent over the last 12 months to an index level of 240.526 (1982-84=100). For the month, the index declined 0.1 percent prior to seasonal adjustment.
The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 2.0 percent over the last 12 months. For the month, the index decreased 0.1 percent on a not seasonally adjusted basis. Please note that the indexes for the past 10 to 12 months are subject to revision.

Screenshot 2018-02-12 13.43.23Screenshot 2018-02-12 13.43.50

Year in Review (December to December)

The all items CPI rose 2.1 percent in 2017, the same increase as in 2016, but larger than the 2014 and 2015 increases. It was also larger than the 1.6-percent average annual increase over the past 10 years.

The food index, which declined 0.2 percent in 2016, increased 1.6 percent in 2017. The index for food at home rose 0.9 percent in 2017 after falling in 2015 and 2016.

The six major grocery store food group indexes were mixed in 2017, with three increases, two declines, and one unchanged. The index for meats, poultry, fish, and eggs increased 2.8 percent after declining in 2015 and 2016. The beef index rose 3.5 percent in 2017, and the index for eggs increased 11.6 percent. The index for fruits and vegetables rose 1.5 percent in 2017 after falling 2.4 percent in 2016. The index for other food at home also increased in 2017, rising 0.5 percent.

The index for cereals and bakery products fell 0.6 percent in 2017, similar to its 0.7-percent decline the prior year. The index for dairy and related products fell 0.5 percent in 2017, its third consecutive yearly decrease. The index for nonalcoholic beverages was unchanged in 2017 after falling in 2016.

The index for food away from home rose 2.5 percent in 2017 after a 2.3-percent increase the prior year. Over the last 10 years, the food index rose at an annual rate of 2.0 percent. The food at home index rose at a 1.5-percent rate, and the index for food away from home increased at a 2.6-percent rate since December 2007.

The energy index rose 6.9 percent in 2017 after a 5.4-percent increase in 2016. The gasoline index increased 10.7 percent in 2017 following a 9.1-percent increase in 2016. The index for natural gas also increased for the second straight year, rising 4.7 percent in 2017 after increasing 7.8 percent in 2016. The electricity index increased 2.6 percent in 2017 after rising 0.7 percent in 2016. Despite the recent increases, the energy index declined at a 0.5-percent annual rate over the past 10 years.

The index for all items less food and energy rose 1.8 percent in 2017, a smaller increase than its 2.2- percent rise in 2016. The shelter index rose 3.2 percent in 2017 following a 3.6-percent increase in 2016. The rent index rose 3.7 percent in 2017, while the index for owners’ equivalent rent increased 3.2 percent.

The medical care index increased 1.8 percent in 2017, a substantial deceleration from its 4.1-percent increase in 2016. The index for prescription drugs rose 2.8 percent in 2017. The index for hospital services rose 5.1 percent, while the physicians’ services index declined 1.8 percent.
The index for motor vehicle insurance rose 7.9 percent in 2017 following a 7.0-percent increase in 2016. The index for new vehicles fell 0.5 percent in 2017 after rising modestly in previous years; the index for used cars and trucks declined 1.0 percent after a 3.5-percent decline the prior year.
The education index increased 2.0 percent in 2017, the smallest annual increase in the history of the index, which dates to 1993. The index for communication declined 4.9 percent in 2017, its eighth consecutive yearly decline. The recreation index rose 1.5 percent, and the index for personal care increased 0.9 percent. The index for tobacco increased 6.5 percent, and the alcoholic beverages index rose 1.4 percent.
The index for airline fares decreased 4.0 percent in 2017, its fifth consecutive yearly decline. The apparel index fell 1.6 percent, its fourth straight annual decrease. The index for household furnishings and operations also continued to fall, declining 0.8 percent in 2017 after falling 1.1 percent the prior year.
Source : Bureau of Labor Statistics
-R.W.N II