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Consumer prices continued to grow in February 2024

CPI U.S. Economy


Modified 2024-03-12T22:05:57+00:00
Goran Soko / CSIMarket.com Contributer

Consumers paid more money for a broad range of goods and services last month, adding to inflationary worries.
The Consumer price Indexes increased by 0.4 % in February 2024 on the seasonally adjusted basis, reported by the U.S. Labor Department. Over the last 12 months, as the core rate increased on the higher rate than total consumer prices, cpi soared by 3.2 %.

High energy prices have raised the cost of raw materials and contributed to price increases in a range of goods.

Closely monitored CPI excluding food and energy surged by 0.4 % equally to total consumer price index on the seasonally adjusted basis.
Core CPI excludes the volatile food and energy categories in order to provide better idea about longer-term inflationary trends.
Over the last 12 months, CPI excluding food and energy soared by 3.8 %.


Fuels & Transportation
Energy and commoditie prices grew by higher rate than in previous month, commodities by 0.4% and energy grew by 2.3 % on the seasonally adjusted basis, energy fell by -1.9 % from Feb. 2023.

CPI Fuel The Consumer Price Index for Transportation advanced by 1.40 %, from Jan. 2024 and went up by 2.70 %, from Feb. 2023.

New vehicles decreased by -0.10 %, from Jan. 2024 and moved up by 0.40 %, from Feb. 2023.

Gasoline all types climbed by 3.80 %, from Jan. 2024 and fell by -3.90 %, from Feb. 2023. Public transportation advanced by 2.30 %, from Jan. 2024 and fell by -5.20 %, from Feb. 2023.


0.50% -1.10% 0.00% 0.00% 0.00% 1.40% -0.60% 6.10%

Housing & Apparel   Food
Prices for housing have increased by the smaller rate than a month ago, housing prices surged by 0.4 % on the seasonally adjusted basis, energy services rose the most, by 0.8 %. Over the past 12 months, prices for housing grew by 4.5 %.


Apparel prices have rebounded from decline in previous period, apparel prices increased by 0.6 % on the seasonally adjusted basis, led by price increases for men's, boys, infants and toddlers apparel. Apparel prices remained unchanged for the year.


Food & beverages and commoditie prices grew by higher rate than in previous month, commodities by 0.4% and energy remained unchanged on the seasonally adjusted basis. Food prices grew by 2.2 % over the past 12 months.



Consumer Price Index Y/Y
Consumer Price Indexes
CPI by Category
(from the same month a year ago change, % )
Feb. 2024
final
Jan. 2024
final
Dec. 2023
final
Nov. 2023
final
Oct. 2023
final
Sep. 2023
final
All Items
3.2 % 3.1 % 3.4 % 3.1 % 3.2 % 3.7 %
All items ex. Food and energy
3.8 % 3.9 % 3.9 % 4 % 4 % 4.1 %
Food & beverages
2.2 % 2.6 % 2.7 % 2.9 % 3.3 % 3.7 %
Food at home
1 % 1.2 % 1.3 % 1.7 % 2.1 % 2.4 %
Meats poultry fish & eggs
-0.5 % -0.9 % -0.1 % 0.1 % 0.4 % 0.2 %
Nonalcoholic beverages & beverage materials
2.3 % 3.4 % 2.6 % 2.9 % 3.3 % 4 %
Alcoholic beverages
2.4 % 2.3 % 2.5 % 2.9 % 3.7 % 4.2 %
Food away from home
4.5 % 5.1 % 5.2 % 5.3 % 5.4 % 6 %
             
Housing
4.5 % 4.6 % 4.8 % 5.2 % 5.2 % 5.6 %
Shelter
5.7 % 6 % 6.2 % 6.5 % 6.7 % 7.2 %
Lodging away from home
-0.4 % 1 % 0.2 % 0.9 % 1.2 % 7.3 %
Fuels & utilities
1.4 % -0.7 % -0.2 % 0.1 % -1.3 % -1.5 %
Household energy
0.2 % -2.4 % -1.7 % -1.4 % -3.2 % -3.4 %
Fuel oil & other fuels
-5.4 % -14.2 % -14.7 % -24.8 % -21.4 % -5.1 %
Energy services
0.5 % -2 % -1.1 % -0.1 % -2.3 % -3.3 %
Water & sewer & trash collection
5.3 % 5.5 % 5.2 % 5.4 % 5.3 % 5.2 %
Household furnishings & operations
-0.6 % 0.2 % 0.4 % 1.1 % 1.7 % 1.9 %
             
Apparel
- % 0.1 % 1 % 1.1 % 2.6 % 2.3 %
Mens & boys apparel
2.7 % 1.7 % 1.3 % 2.8 % 5.3 % 4.9 %
Womens & girls apparel
-1.5 % -1 % 0.6 % 0.1 % 1.3 % 1.8 %
Infants & toddlers apparel
2.9 % -1.7 % 1.2 % 1.6 % 4.4 % 1.9 %
Footwear
0.8 % - % 0.7 % 0.7 % 1.1 % 0.6 %
             
Transportation
2.7 % 1.6 % 2.9 % 0.9 % 0.8 % 2.4 %
Private transportation
3 % 1.9 % 3.4 % 1.4 % 1.2 % 3 %
New & used motor vehicles
-0.3 % -1.1 % 0.2 % 0.1 % -1.7 % -1.8 %
New vehicles
0.4 % 0.7 % 1 % 1.3 % 1.9 % 2.5 %
Used cars & trucks
-1.8 % -3.5 % -1.3 % -3.8 % -7.1 % -8 %
Motor fuel
-4.2 % -6.6 % -2.3 % -9.2 % -5.6 % 2.7 %
Gasoline all types
-3.9 % -6.4 % -1.9 % -8.9 % -5.3 % 3 %
Motor vehicle parts & equipment
-0.6 % 0.2 % 0.4 % 1.1 % 1.7 % 1.9 %
Motor vehicle maintenance & repair
6.7 % 6.5 % 7.1 % 8.5 % 9.6 % 10.2 %
Public transportation
-5.2 % -4.8 % -6.9 % -8.1 % -8.9 % -9.3 %
             
Medical care
1.4 % 1.1 % 0.5 % 0.2 % -0.8 % -1.4 %
Medical care commodities
2.9 % 3 % 4.7 % 5 % 4.7 % 4.2 %
Medical care services
1.1 % 0.6 % -0.5 % -0.9 % -2 % -2.6 %
Professional services
2 % 1.8 % 1.4 % 1.1 % 0.7 % 1.2 %
Hospital & related services
6.1 % 6.7 % 5.5 % 6.3 % 1.1 % 4.5 %
               
Recreation
- % - % - % - % - % - %
Video & audio
2.6 % 2.9 % 2.7 % 2 % 3.1 % 4 %
             
Education & communication
0.4 % - % -0.1 % -0.1 % 0.9 % 1 %
Education
-5.6 % -6.6 % -7.2 % -7.9 % -7.1 % -7.3 %
Educational books & supplies
-3.5 % -4 % -3.6 % -4.8 % -3.2 % -2.5 %
Tuition other school fees & childcare
3 % 2.7 % 2.7 % 2.7 % 2.9 % 3.1 %
             
Communication
-1.1 % -1.5 % -1.7 % -1.7 % -0.2 % -0.1 %
Information & information processing
-1.2 % -1.6 % -1.7 % -1.7 % -0.2 % -0.2 %
Telephone services
-2.1 % -2.1 % -1.9 % -1.7 % 0.4 % 0.1 %
Information technology hardware & services
-0.4 % -1.1 % -1.6 % -1.8 % -1 % -0.8 %
Personal computers & peripheral equi.
- % - % - % - % - % - %
             
Other goods & services
- % - % - % - % - % - %
Tobacco & smoking products
7.1 % 7.4 % 7.8 % 7.7 % 7.2 % 5.6 %
Personal care
4.2 % 5.3 % 5 % 5.2 % 6 % 6.1 %
Personal care products
4 % 3.5 % 3.3 % 4.3 % 5.1 % 5.1 %
Personal care services
3.9 % 4.2 % 3.7 % 3.9 % 5 % 4.8 %
Miscellaneous personal services
5.9 % 8.7 % 8.3 % 7.7 % 7.9 % 8.3 %
Commodities
0.3 % 0.1 % 0.8 % - % 0.4 % 1.4 %
Energy index
-1.9 % -4.6 % -2 % -5.4 % -4.5 % -0.5 %


Consumer Price Index M/M
Consumer Price Indexes
CPI
(Month on Month change, % )
Feb. 2024
final
Jan. 2024
final
Dec. 2023
final
Nov. 2023
final
Oct. 2023
final
Sep. 2023
final
All Items
0.4 % 0.3 % 0.3 % 0.1 % - % 0.4 %
All items ex. Food and energy
0.4 % 0.4 % 0.3 % 0.3 % 0.2 % 0.3 %
Food & beverages
- % 0.4 % 0.2 % 0.2 % 0.3 % 0.2 %
Food at home
- % 0.4 % 0.1 % 0.1 % 0.3 % 0.1 %
Meats poultry fish & eggs
0.1 % - % 0.5 % -0.2 % 0.7 % 0.5 %
Nonalcoholic beverages & beverage materials
-0.2 % 1.2 % 0.2 % 0.5 % -0.1 % - %
Alcoholic beverages
- % 0.3 % 0.3 % -0.1 % 0.2 % 0.8 %
Food away from home
0.1 % 0.5 % 0.3 % 0.4 % 0.4 % 0.4 %
             
Housing
0.4 % 0.6 % 0.4 % 0.4 % 0.3 % 0.6 %
Shelter
0.4 % 0.6 % 0.5 % 0.4 % 0.3 % 0.6 %
Lodging away from home
0.1 % 1.8 % 0.4 % -0.9 % -2.5 % 3.7 %
Fuels & utilities
0.7 % 1.2 % 0.6 % 1.2 % 0.2 % 0.7 %
Household energy
0.8 % 1.2 % 0.7 % 1.5 % 0.2 % 0.8 %
Fuel oil & other fuels
1.1 % -4.5 % -5.5 % -2.7 % -0.8 % 8.5 %
Energy services
0.8 % 1.4 % 0.9 % 1.7 % 0.5 % 0.6 %
Water & sewer & trash collection
0.5 % 1.1 % 0.1 % 0.3 % 0.3 % 0.2 %
Household furnishings & operations
-0.1 % - % -0.4 % -0.4 % -0.1 % 0.2 %
             
Apparel
0.6 % -0.7 % 0.1 % -1.3 % 0.1 % -0.8 %
Mens & boys apparel
0.8 % 1 % -0.4 % -2.4 % 0.5 % 0.7 %
Womens & girls apparel
0.3 % -1.6 % 0.3 % -1.2 % -0.2 % -1.8 %
Infants & toddlers apparel
5.1 % -1.4 % -0.1 % -1.4 % 0.4 % -1.6 %
Footwear
1.6 % -0.9 % -0.4 % -0.5 % -0.4 % 0.4 %
             
Transportation
1.4 % -0.6 % 0.2 % -0.6 % -0.9 % 0.3 %
Private transportation
1.3 % -0.8 % 0.2 % -0.7 % -1 % 0.3 %
New & used motor vehicles
0.6 % -1.4 % -0.2 % 0.9 % -0.4 % -0.8 %
New vehicles
-0.1 % - % 0.3 % -0.1 % -0.1 % 0.3 %
Used cars & trucks
0.5 % -3.4 % 0.5 % 1.6 % -0.8 % -2.5 %
Motor fuel
3.7 % -3.3 % 0.1 % -6 % -4.9 % 2.2 %
Gasoline all types
3.8 % -3.3 % 0.2 % -6 % -5 % 2.1 %
Motor vehicle parts & equipment
-0.1 % 0 % -0.4 % -0.4 % -0.1 % 0.2 %
Motor vehicle maintenance & repair
0.4 % 0.8 % -0.3 % 0.3 % 0.2 % 0.2 %
Public transportation
2.3 % 1.3 % 0.7 % 1 % - % 0.5 %
             
Medical care
- % 0.5 % 0.6 % 0.6 % 0.3 % 0.2 %
Medical care commodities
0.1 % -0.6 % -0.1 % 0.5 % 0.4 % -0.3 %
Medical care services
-0.1 % 0.7 % 0.7 % 0.6 % 0.3 % 0.3 %
Professional services
- % 0.5 % 0.3 % 0.5 % -0.3 % - %
Hospital & related services
-0.6 % 1.6 % 0.5 % 0.1 % 0.8 % 1.5 %
               
Recreation
-0.2 % 0.8 % -0.5 % -0.6 % 0.1 % 0.3 %
Video & audio
0.6 % 0.6 % 0.2 % -0.6 % -0.1 % 0.2 %
             
Education & communication
0.4 % 0.4 % 0.1 % -0.3 % -0.2 % 0.1 %
Education
0.2 % 0.6 % -0.2 % -2.6 % -1.3 % 0.3 %
Educational books & supplies
0.6 % -0.8 % 1.5 % -1.5 % -0.6 % 0.6 %
Tuition other school fees & childcare
0.4 % 0.4 % 0.2 % 0.1 % - % 0.3 %
             
Communication
0.5 % 0.5 % - % -0.6 % -0.3 % - %
Information & information processing
0.4 % 0.5 % - % -0.6 % -0.3 % - %
Telephone services
- % - % 0.1 % - % 0.1 % -0.1 %
Information technology hardware & services
0.8 % 1 % -0.1 % -1.1 % -0.7 % - %
Personal computers & peripheral equi.
- % - % - % - % - % - %
             
Other goods & services
-0.3 % 0.5 % -0.2 % 0.2 % 0.6 % 0.6 %
Tobacco & smoking products
0.8 % 0.3 % -0.1 % 1.1 % 1.9 % 0.2 %
Personal care
-0.5 % 0.6 % -0.3 % - % 0.4 % 0.6 %
Personal care products
1 % 0.5 % -1.1 % -0.6 % 0.4 % 0.4 %
Personal care services
0.3 % 0.7 % 0.1 % 0.3 % 0.4 % - %
Miscellaneous personal services
-1.3 % 1.2 % 0.1 % 0.3 % 0.1 % 1.1 %
Commodities
0.4 % -0.3 % 0.1 % -0.7 % -0.4 % 0.1 %
Energy index
2.3 % -0.9 % 0.4 % -2.3 % -2.5 % 1.5 %

Source: Department of Labor





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