Consumer Price Index: Inflation Dropped 0.1%
Consumers paid 1.7% more in January 2016 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. The level of inflation dropped 0.1 percentage point from the 1.8% measured in December 2015.
The report said, “Between December 2015 and January 2016, the average cost of goods and services in the CPI fell by 0.2%. The all-items index dropped to 100.3 in January. This means that the basket of goods and services that cost $100.00 in April 2015 now costs $100.30.
“The Health & Personal Care sector was the largest contributor to the year-over-year increase, rising 7.0%. The major driver in this sector was the cost of insurance premiums and prescribed medicines.
“The Household Goods, Services & Supplies and Food sectors also had a large impact in the year-overyear increase. Price shifts in these sectors increased 2.6 and 2.0%, respectively.”
The full January 2016 Consumer Price Index follows below [PDF here]:
these reports are of a false economy – inflation is low but that is not the harbinger of good news……..
in such a weathered economic state do we exist as precariously perched as bankruptcy is to donald trump