Inflation Rose in February

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.

FILED UNDER: Economics and Business, , ,
Steve Verdon
About Steve Verdon
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. He joined the staff at OTB in November 2004.

Comments

  1. June 2006 May 2006 April 2006 March 2006 February 2006 [IMG Outside The Beltway | OTB] Plame Sheds Little Light in Leak Case Why Oh Why Can’t Our Press Corps Adopt Permalinks? Beltway Traffic Jam Inflation Rose in February Source of Tainted Spinach Found Fired U.S. Attorneys, Political Considerations, Etc. Blog Citation Format Iraq War Emergency Bill Has Millions in Non-War Pork Chuck Schumer’s B Dick Cheney Not Insane

  2. Triumph says:

    Food also rose quite a bit,

    How about spinach?

  3. OK, prices rose 0.4%. How much did inflation rise? Was it less than 0.4% in January?