Consumer Price Index: Inflation Was Unchanged
Consumers paid 1.9% more in February 2017 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI], and the level of inflation was unchanged from the 1.9% measured in January 2017.
The Consumer Price Index report said, “Between January 2017 and February 2017, the average cost of goods and services in the CPI decreased by 0.1%. The all-items index dropped to 102.1 in February. This means that the basket of goods and services that cost $100.00 in April 2015 now costs $102.10.
“The Education, Recreation, Entertainment & Reading sector was the largest contributor to the year-over-year increase for the second consecutive month. This sector increased 4.2% in February, following a 4.0 percent increase in January. In addition, the Health & Personal Care sector and the Transport & Foreign Travel sector rose 3.2% and 1.4%, respectively.”
The full February 2017 Consumer Price Index follows below [PDF here]:
