US Inflation Rate at 0% in February
US consumer prices were unchanged in the year to February 2015, after dropping 0.1 percent in January as decline in energy index was offset by a higher cost of food, shelter and medical care.
3/24/2015 12:51:23 PM
The all items index was unchanged over the past 12 months, after showing a 0.1-percent decline for the 12 months ending January. Over the last 12 months the food index rose 3.0 percent and the index for all items less food and energy increased 1.7 percent. Additional upward pressure came from shelter (3 percent), medical care services (1.8 percent) and transportation services (1.8 percent). These increases were offset by an 18.8-percent decline in the energy index.
On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent over the previous month after declining 0.7 percent in January. The seasonally adjusted increase in the all items index was broad-based, with increases in shelter, energy, and food indexes all contributing. The energy index rose after a long series of declines, increasing 1.0 percent as the gasoline index turned up after falling in recent months. The food index, unchanged last month, also rose in February, though major grocery store food group indexes were mixed.
The index for all items less food and energy rose 0.2 percent in February, the same increase as in January. In addition to shelter, the indexes for used cars and trucks, apparel, new vehicles, tobacco, and airline fares were among those that increased. The medical care index was unchanged, while the personal care index declined.