February 22, 2001 (The Editor’s Desk is updated each business day.) Consumer prices increase 0.6 percent in JanuaryOn a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in January, its largest monthly advance since a 0.6 percent rise in March 2000. The energy index rose 3.9 percent in January, accounting for over one-half of the overall CPI-U increase. The index for energy services rose 7.7 percent, largely as a result of a record monthly increase in the index for utility natural gas—up 17.4 percent. The index for petroleum-based energy was unchanged in January. The food index increased 0.3 percent, following a 0.5 percent rise in December. Excluding food and energy, the CPI-U rose 0.3 percent in January, following an increase of 0.1 percent in December. For the 12-month period ended in January, the CPI-U increased 3.7 percent. These data are a product of the BLS Consumer Price Index program. Find out more in Consumer Price Indexes, January 2001, news release USDL 01-45. |
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