Jamie Pentagulio

The Bureau of Labor Statistics (BLS) released February 2024 Consumer Price Index (CPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis):

All items increased 0.6% in the last month and increased 3.2% in the last twelve months
Food at home increased 0.1% from January and rose 1.0% since February 2023
Cereals + bakery products rose by 0.6% in the last month and increased 1.7% in the last twelve months
Meats, poultry, fish + eggs fell 0.1% since January and decreased 0.5% from February 2023
Dairy + related products fell 0.6% in the last month and decreased 1.8% in the last twelve months
Fruits + vegetables decreased 0.2% from January and rose 0.8% since February 2023
Other foods increased 0.3% in the last month and rose 1.9% in the last twelve months
Gasoline (all types) rose 4.3% since January and decreased 3.9% from February 2023
All items, less food and energy, rose 0.6% in the last month and increased 3.8% in the last twelve months
Apparel rose 3.2% from January and saw no change since February 2023
New vehicles saw no change in the last month and increased 0.4% in the last twelve months
Used cars + trucks increased 0.3% since January and fell 1.8% from February 2023
Motor vehicle parts + equipment decreased 0.2% in the last month and fell 0.5% in the last twelve months
Medical care commodities rose 0.1% from January and increased 2.9% since February 2023
Alcoholic beverages rose 0.2% in the last month and increased 2.4% in the last twelve months
Tobacco + smoking products rose 0.8% since January and increased 7.1% from February 2023
Personal care products increased 1.0% in the last month and rose 4.0% in the last twelve months

BLS CPI Historical Annual Inflation Rate Averages Through February 2024 Table For Selected Categories

BLS CPI CodeBLS CPI Category Description1MYTD1 YR 2/243Y 2/245 YR 2/2410 YR 2/2420Y 2/24
SAFFOOD & BEVERAGES0.1%0.7%2.2%6.3%4.8%3.1%2.9%
SAF11Food at home0.1%0.8%1.0%6.5%4.8%2.6%2.6%
SAF114Nonalcoholic beverages & beverage materials0.2%2.4%2.3%7.0%5.1%2.9%2.3%
SEFNJuices & nonalcoholic drinks0.1%2.6%3.4%7.4%5.5%3.3%2.4%
SEFN01Carbonated drinks0.2%3.3%4.2%7.4%6.0%3.7%2.9%
SEFN03Nonfrozen noncarbonated juices & drinks-0.1%1.8%2.3%7.2%5.1%2.9%2.0%
SEFPBeverage materials including coffee & tea0.4%1.9%-0.3%6.3%4.1%2.0%1.9%
SEFP02Other beverage materials including tea2.9%2.8%4.3%6.4%4.4%2.3%1.7%
SAF115Other food at home0.4%0.9%2.3%7.6%5.3%2.9%2.6%
SEFT06Other miscellaneous foods0.3%0.0%1.8%7.3%5.4%2.7%2.2%
SEFWAlcoholic beverages at home0.9%1.4%1.8%2.9%2.2%1.5%1.6%
SEFW01Beer, ale & other malt beverages at home0.8%1.5%3.0%4.5%3.5%2.5%2.4%
SEFW02Distilled spirits at home1.4%1.3%1.0%1.8%1.4%1.0%1.0%
SEFW03Wine at home0.6%1.3%1.2%1.9%1.2%0.8%0.9%
SEHEFUEL OIL & OTHER FUELS1.4%2.2%-4.3%10.5%6.3%-0.1%4.7%
SAH3HOUSEHOLD FURNISHINGS & OPERATIONS0.2%0.9%-0.6%5.0%3.6%1.8%0.8%
SAM1MEDICAL CARE COMMODITIES0.1%-0.5%2.9%2.9%1.6%1.8%2.2%
SEMFMedicinal drugs0.1%-0.5%2.9%2.8%1.5%1.9%
SEMF01Prescription drugs-0.1%-0.9%0.3%1.7%0.9%1.9%8.4%
SEMF02Nonprescription drugs0.4%0.4%9.3%5.6%3.0%1.2%
SEMGMedical equipment and supplies0.2%-1.2%3.4%4.6%1.6%0.9%
SEEAEDUCATIONAL BOOKS & SUPPLIES0.6%-0.3%2.6%0.0%0.0%1.4%3.5%
SEGATOBACCO & SMOKING PRODUCTS0.8%1.1%6.7%6.9%6.7%5.3%6.0%
SEGBPERSONAL CARE PRODUCTS1.0%1.5%6.7%3.8%2.2%1.0%0.7%
SEGEMISCELLANEOUS PERSONAL GOODS-0.7%1.3%8.7%5.7%3.6%0.5%0.0%
SAGOTHER GOODS AND SERVICES0.0%0.8%6.1%5.5%4.2%3.1%3.0%
SEREOther recreational goods0.0%0.5%1.6%0.2%-1.7%-4.1%-3.9%
SERGRecreational reading materials-0.1%-0.3%-0.1%1.4%2.7%2.0%1.8%
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