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ECON: Consumer Prices Slightly Higher Than Expected
Posted to: Micro News
Thursday, February 21, 2013 8:46 AM
- CPI +0.0264 vs +0.1 consensus, Core +0.2514 vs +0.02 Consensus
The Consumer Price Index for All Urban Consumers (CPI-U) was
unchanged in January on a seasonally adjusted basis, the U.S. Bureau
of Labor Statistics reported today. Over the last 12 months, the all
items index increased 1.6 percent before seasonal adjustment.
The index for all items less food and energy increased 0.3 percent in
January. This increase offset another decline in the gasoline index
and resulted in the seasonally adjusted all items index being
unchanged, as it was last month. Increases in the indexes for shelter
and apparel accounted for much of the increase in the index for all
items less food and energy, with advances in the indexes for
recreation, medical care, and airline fares also contributing.
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