Consumer Price Index (CPI)
Market Sensitivity: Very high. What Is It: The most popular measure of price inflation in retail goods and services.
News Release on the Internet: www.bls.gov/cpi/
Home Web Address: www.bls.gov
Release Time: 8:30 a.m. (ET); released the second or third week following the month being covered.
Source: Bureau of Labor Statistics, Department of Labor.
Revisions: No monthly revisions. Only annual changes are introduced in February with the release of the January CPI data. Revisions can go back five years.”
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in December on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 2.1 percent before seasonal adjustment.
An increase of 0.4 percent in the shelter index accounted for almost 80 percent of the 1-month all items increase. The food index rose in December, with the indexes for food at home and food away from home both increasing. The energy index, which rose sharply in November, declined in December as the gasoline index decreased.
The index for all items less food and energy increased 0.3 percent in December, its largest increase since January 2017. Along with the shelter index, the indexes for medical care, used cars and trucks, new vehicles, and motor vehicle insurance were among those that increased in December. The indexes for apparel, airline fares, and tobacco all declined over the month.
The all items index rose 2.1 percent for the 12 months ending December, compared to 2.2 percent for the 12 months ending November. The index for all items less food and energy increased 1.8 percent over the last year; the 12-month change has now been either 1.7 or 1.8 percent for eight consecutive months. The food index rose 1.6 percent over the past year; the index for energy increased 6.9 percent, with all of its major component indexes rising during 2017. –BLS
The food index increased 0.2 percent in December. The index for food at home rose 0.1 percent, largely due to a 0.9-percent increase in the index for meats, poultry, fish, and eggs, its largest increase since June 2015. The index for cereals and bakery products also rose in December, increasing 0.2 percent after a 0.2-percent decline in November.
The remaining major grocery store food group indexes declined in December. The index for dairy and related products fell 0.4 percent in December after rising in November. The index for fruits and vegetables declined 0.2 percent, and the indexes for nonalcoholic beverages and other food at home both fell 0.1 percent.
The index for food away from home rose 0.2 percent in December, the same increase as in November. Over the last 12 months, the food at home index rose 0.9 percent, and the index for food away from home increased 2.5 percent.
The energy index declined 1.2 percent in December following a 3.9-percent increase in November. The gasoline index fell 2.7 percent in December after rising 7.3 percent in November. (Before seasonal adjustment, gasoline prices decreased 3.3 percent in December.) The electricity index increased 0.1 percent in December. The index for natural gas increased 1.2 percent, its largest increase since May 2017.
All the major energy component indexes increased over the past 12 months. The gasoline index rose 10.7 percent, the electricity index advanced 2.6 percent, and the index for natural gas increased 4.7 percent.
All items less food and energy