Jamie Pentagulio

The Bureau of Labor Statistics (BLS) released March 2020 Consumer Price Indexes (CPI) today. The All commodities index decreased 0.2% over the last month & has increased 1.5% over the last year on a seasonally unadjusted basis. All items less food and energy were unchanged from February – March 2020 & rose 2.1% between March ’19 – ’20. Commodities less food and energy commodities saw a 0.2% decrease from March of 2019 to March 2020 and increased 0.1% in the last month. Meats increased 0.4% over the last month & rose 3.7% over the last year. Dairy & related products rose 0.5% between February and March 2020 & and increased by 3.7% between March ’19 – ’20. Candy and chewing gum increased by 0.6% from February to March of this year and rose by 3.2% from March ’19 – ’20. Dishes and flatware increased by 1% from February – March 2020 and rose by 9.5% from March ’19 – ’20. Window coverings rose by 1.4% over the last month and increased by 7.1% over the last year.

BLS CPI Historical Annual Inflation Rate Averages Chart for Selected Categories Through March 2020

BLS CPI Historical Annual Inflation Rate Averages Through March 2020 Charts for Selected Categories

BLS CPI CodeBLS CPI Category Description1M 3/20YTD 3/201Y 3/203Y 3/205Y 3/2010Y 3/2020Y 3/20
SAFFOOD & BEVERAGES0.3%1.1%1.9%1.8%1.3%1.8%2.3%
SAF11Food at home0.5%1.4%1.1%1.0%0.3%1.3%2.0%
SAF114Nonalcoholic beverages & beverage materials0.7%2.6%1.4%1.2%0.8%0.7%1.2%
SEFNJuices & nonalcoholic drinks0.7%2.8%1.5%1.8%1.3%0.9%1.3%
SEFN01Carbonated drinks1.0%5.3%1.6%2.4%1.9%1.1%1.7%
SEFN03Nonfrozen noncarbonated juices & drinks0.5%1.0%1.6%1.4%1.0%0.7%0.8%
SEFPBeverage materials including coffee & tea0.7%2.2%1.1%-0.3%-0.6%0.3%0.9%
SEFP02Other beverage materials including tea0.1%1.0%2.4%0.8%0.6%0.4%1.1%
SAF115Other food at home0.6%2.0%1.4%0.7%0.6%1.2%1.6%
SEFT06Other miscellaneous foods0.3%-1.0%2.1%0.6%0.5%0.9%1.1%
SEFWAlcoholic beverages at home0.6%1.9%1.4%1.3%1.0%0.9%1.4%
SEFW01Beer, ale & other malt beverages at home0.7%2.0%3.4%2.2%2.0%1.7%2.1%
SEFW02Distilled spirits at home0.1%1.5%-1.0%0.1%0.2%0.3%1.0%
SEFW03Wine at home0.6%1.9%0.2%0.7%0.2%0.1%0.6%
SEHEFUEL OIL & OTHER FUELS-9.5%-13.8%-14.2%-0.9%-2.9%-1.1%3.3%
SAH3HOUSEHOLD FURNISHINGS & OPERATIONS-0.1%0.8%0.6%0.8%0.3%-0.2%-0.1%
SAM1MEDICAL CARE COMMODITIES-0.1%-0.8%1.3%0.7%1.7%2.0%2.5%
SEMFMedicinal drugs0.0%-0.8%1.3%0.7%1.7%2.1%
SEMF01Prescription drugs-0.3%-0.8%1.5%1.0%2.2%2.8%3.2%
SEMF02Nonprescription drugs0.8%-0.8%0.6%-0.3%-0.3%-0.4%
SEMGMedical equipment and supplies-0.2%-1.3%1.3%0.4%0.3%0.2%
SEEAEDUCATIONAL BOOKS & SUPPLIES0.1%-1.5%-2.7%-1.3%0.9%2.9%4.5%
SEGATOBACCO & SMOKING PRODUCTS1.2%1.8%5.4%5.6%4.8%4.0%5.7%
SEGBPERSONAL CARE PRODUCTS-0.1%1.0%0.5%-0.1%-0.4%-0.1%0.2%
SEGEMISCELLANEOUS PERSONAL GOODS-0.3%2.8%4.2%-0.1%-1.5%-1.4%-1.1%
SAGOTHER GOODS AND SERVICES0.3%1.3%2.9%2.5%2.3%2.0%2.8%
SEREOther recreational goods-1.2%-0.1%-6.1%-6.8%-6.6%-5.4%-4.7%
SERGRecreational reading materials-0.2%1.5%5.8%2.8%2.0%1.8%1.7%

CPI vs. PPI Supermarket Inflation Comparison Through March 2020

Inflation Rate PeriodPPI InflationCPI InflationDIFF: PPI vs. CPI
3 Months Ended March '200.04%0.87%-0.83%
2 Months Ended February '20-0.10%0.63%-0.73%
1 Month Ended January '200.45%0.27%0.18%
12 Months Ended December '191.29%0.85%0.44%
12 Months Ended December '182.85%0.41%2.44%
12 Months Ended December '172.85%0.47%2.39%
12 Months Ended December '161.32%0.10%1.22%
12 Months Ended December '150.19%0.11%0.08%
12 Months Ended December '145.07%2.46%2.61%
12 Months Ended December '132.04%0.14%1.90%
12 Months Ended December '122.72%1.00%1.71%
12 Months Ended December '115.20%4.07%1.13%
12 Months Ended December '102.92%0.90%2.03%
3 Year Average Ended Dec. '192.33%0.57%1.76%
5 Year Average Ended Dec. '191.70%0.39%1.31%
10 Year Average Ended Dec. '192.65%1.05%1.60%

Rates are representative of a supermarket’s actual inventory balances, product mix & applicable BLS categories; inflation rates calculated using a supermarket that has the following departments: bakery, beer/wine, dairy, deli, frozen foods, gen. merch., grocery, health & beauty aids, meat, pharmacy, produce & tobacco. PPI inflation calculated uses BLS Table 9 preliminary indexes; CPI inflation calculated uses U.S. City averages for all urban consumers, seasonally unadjusted.

PPI BLS Economic News Release BLS PPI Table 9 Detailed Report BLS PPI Table 11 Detailed Report Good LIFO Candidates