CPI: Electricity Index Posts Largest Gains Since March 2010

The Consumer Price Index (CPI) increased a seasonally adjusted 0.1% for January, according to a Labor Department report (link opens as PDF) released today. More expensive electricity was offset by cheaper clothing, cars, and air fares. 

After increasing a revised 0.2% in December, analyst expectations proved spot-on for the start of 2014. 

Source: Labor Department 

According to the report, the index's advance was primarily a result of more expensive electricity. The Labor Department's household electricity index posted its largest gains (1.8%) since March 2010, while natural gas and fuel oil prices also recorded rises. Cold weather pushed up the cost of natural gas, electricity, and other home energy sources.

Excluding more volatile food and energy prices, the CPI maintained its 0.1% bump, whereas analysts had anticipated a slightly stronger 0.2% increase. A 0.3% rise in the shelter index was the main push keeping gains constant.

Over the last 12 months the CPI has headed 1.6% higher, fueled primarily by a 2.1% jump in the energy index as well as a 2.6% increase in the shelter index and a 2.5% bump for medical care services.

-- Material from The Associated Press was used in this report.

link


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2846871, ~/Articles/ArticleHandler.aspx, 9/18/2014 9:50:10 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement