Inflation Rose in February
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Steve Verdon | Friday, March 16, 2007 |
Due to higher energy prices inflation rose 0.4% on a seasonally adjusted basis. Seasonally un-adjusted the CPI -U rose 2.4% since February of 2006. The primary reason for the increase was higher energy prices. Energy prices (seasonally adjusted) 0.9% for February. Othe fuel related indexes changed as follows,
- Fuels and utilities: 1.2%
- Fuel Oil: 0.5%
- Natural Gas: 5%
Food also rose quite a bit, increasing 0.8% for February and 3.1% since Feburary of last year.
About the Author: Steve has a B.A. in Economics from the University of California, Los Angeles and attended graduate school at The George Washington University, leaving school shortly before staring work on his dissertation when his first child was born. He works in the energy industry and prior to that worked at the Bureau of Labor Statistics in the Division of Price Index and Number Research.
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Comments
Food also rose quite a bit,
How about spinach?
Posted by Triumph | March 16, 2007 | 02:34 pm | Permalink
OK, prices rose 0.4%. How much did inflation rise? Was it less than 0.4% in January?
Posted by Gary and the Samoyeds | March 16, 2007 | 05:51 pm | Permalink
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