Where The Wild Prices Are…Inflation Update
The Consumer Price Index for All Urban Consumers (CPI-U) edged upward by 0.4 percent, a notch above January’s rise, based on the CPY survey by the U.S. Bureau of Labor Statistics. This measure, a barometer of the urban dweller’s cost of living, mirrored the broader passage of time with a 3.2 percent ascent over the past year, unadjusted for the season’s whims.
The fabric of February’s data was woven with familiar and fresh threads. Shelter, steadfast in its significance, rose alongside gasoline, their combined forces accounting for over sixty percent of the month’s increase. Energy surged by 2.3 percent, igniting all its components in a shared glow, while food remained constant, a still point in the turning world. Beyond the sustenance and warmth of food and energy, other realms too felt the touch of change: shelter, airline fares, and apparel among them, each contributing their verse to the month’s narrative. Yet, not all moved upward; some, like personal care and household furnishings, receded slightly, a reminder of the constant ebb and flow. Through it all, the landscape of costs painted a picture of growth over the past year, with the all-items index rising by 3.2 percent and its counterpart excluding food and energy, marking a 3.8 percent climb, a testament to the underlying price stickiness.
- February’s CPI-U increased by 0.4 percent, slightly higher than January’s 0.3 percent rise.
- The 12-month period ending in February saw the all items index rise by 3.2 percent.
- Shelter and gasoline significantly contributed to February’s CPI increase.
- The energy index experienced a notable rise of 2.3 percent in February.
- The all-items index, excluding food and energy, grew by 3.8 percent over the last 12 months.
Source: https://global-macro-monitor.com/2024/03/12/where-the-wild-prices-are-inflation-update/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).