CPI for all items rises 0.5% in January as shelter increases

Over the last 12 months, the all items index increased 6.4 percent before seasonal adjustment.

The index for shelter was by far the largest contributor to the monthly all items increase, accounting for nearly half of the monthly all items increase, with the indexes for food, gasoline, and natural gas also contributing. The food index increased 0.5 percent over the month with the food at home index rising 0.4 percent. The energy index increased 2.0 percent over the month as all major energy component indexes rose over the month.

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

The all items index increased 6.4 percent for the 12 months ending January; this was the smallest 12-month increase since the period ending October 2021. The all items less food and energy index rose 5.6 percent over the last 12 months, its smallest 12-month increase since December 2021. The energy index increased 8.7 percent for the 12 months ending January, and the food index increased 10.1 percent over the last year. 

Read more: https://www.bls.gov/news.release/cpi.nr0.htm 

Prices in the South down 0.3 percent over the month; up 7.0 percent over the past year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South edged down 0.3 percent in December, the U.S. Bureau of Labor Statistics reported in January. The decrease was contributed to a 5.6-percent decline in the energy index. In contrast, the index for all items less food and energy rose 0.2 percent in December. The food index continued to increase, up 0.3 percent over the month. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes reflect the impact of seasonal influences.)

The all items CPI-U for the South advanced 7.0 percent for the 12 months ending in December, after increasing 7.7-percent for the 12-month period ending in November. The index for all items less food and energy rose 6.5 percent over the past year. The food index and the energy index also increased over the last 12 months, up 10.8 percent and 5.8 percent, respectively.

Read more: https://www.bls.gov/regions/southeast/news-release/consumerpriceindex_south.htm