Consumer Price Index Increases 0.4% in February
Shelter and Gasoline Prices Main Contributors to Increase
By News Desk
Published - Mar 12, 2024, 10:51 AM ET
Last Updated - Mar 13, 2024, 12:05 AM EDT
The Consumer Price Index for All Urban Consumers (CPI-U) rose by 0.4 percent in February 2024, after a 0.3 percent increase in January, according to the U.S. Bureau of Labor Statistics. Over the past 12 months, all items index saw a 3.2 percent increase before seasonal adjustment.
Food Index Unchanged
The food index remained unchanged in February, with both the food at home and food away from home indexes showing stability. However, several grocery store food group indexes declined, notably dairy and related products, fruits and vegetables, and nonalcoholic beverages.
