U.S. Government Reports The Consumer Price Index Remained Flat in February

Residential News » Residential Real Estate Edition | By Michael Gerrity | March 18, 2010 10:42 AM ET

(WASHINGTON, DC) -- According to the U.S. Bureau of Labor Statistics report today, on a seasonally adjusted basis the Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in February. Over the last 12 months, the index increased 2.1 percent before seasonal adjustment.

The unchanged all items index was the result of a decline in the energy index being offset by slight increases in the indexes for food and for all items less food and energy. Within the latter group, declines in the indexes for apparel and household furnishings and operations were more than offset by continuing increases in the indexes for medical care and used cars and trucks. The 12-month increase in the index for all items less food and energy now stands at 1.3 percent, the lowest since February 2004.

The food index also edged up in February. The food at home index rose slightly, the net result of the major grocery store food group indexes posting a mix of modest increases and decreases. In contrast, the energy index declined in February. Decreases in the indexes for gasoline, electricity, and fuel oil more than offset an increase in the index for natural gas.

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