After increasing 0.5% in January, the Consumer Price Index for All Urban Consumers rose 0.4% in February on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported March 14. Last month, the index for shelter was the largest contributor to the monthly all-items increase — accounting for more than 70% of the increase — as rent and food costs rose for consumers, the department said.
Over the last 12 months, the all-items index increased 6% before seasonal adjustment, according to the data. It was the smallest 12-month increase since the period ending September 2021.
Indexes for food, recreation and household furnishings and operations also contributed to CPI increases. BLS said the food index increased 0.4% over the month, with the food-at-home index rising 0.3%. The energy index decreased 0.6% in February, as the natural gas and fuel oil indexes both declined, BLS said.
The index for all items other than food and energy — known as core CPI — rose 0.5% in February, after rising 0.4% in January. Categories that increased in February include:
- Household furnishings and operations
- Airline fares
Indexes for used cars and trucks — and the index for medical care — were among those that decreased over the month, according to the data.