Friday, February 20, 2009

CPI (January)

BLS:

On a seasonally adjusted basis, the CPI-U increased 0.3 percent in January after declining in each of the three previous months. The energy index climbed 1.7 percent in January, its first increase in six months, but it was still 31.4 percent below its July 2008 peak level. Within energy, the gasoline index rose 6.0 percent in January after a 19.3 percent decline in December. However, some energy components continued to decline; the fuel oil index fell 3.7 percent in January and the index for natural gas declined 3.6 percent.


Note: BLS claims 0% CPI year over year, but using their figures and weights, it comes out to 0.4% (used above)... thanks for the great data BLS! And housing up year over year? Give me a break...