Consumer Prices Inched Up 0.3% in January
Washington, DC, February 10, 2021-The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 1.4% before seasonal adjustment.
The gasoline index continued to increase, rising 7.4% in January and accounting for most of the seasonally adjusted increase in the all items index.
Although the indexes for electricity and natural gas declined, the energy index rose 3.5% over the month. The food index rose slightly in January, increasing 0.1% as an advance in the index for food away from home more than offset a decline in the index for food at home.