Consumer Prices Keep Rising, Year Over Year Increase is 3.6%

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in February, before seasonal adjustment, the Bureau of Labor Statistics of the U.S. Department of Labor reported last week. The February level of 198.7 (1982-84=100) was 3.6 percent higher than in February 2005.

The agency reported that energy prices, which had risen 5% in January actually declined in February. Energy price increases still have risen 20% over the past 12 months and are the biggest gainer among items tracked by the Bureau of Labor Statistics.

Other items contributing to the increase are transportation costs (5.8% for the year) and medical care (4% for the year).

posted by Consumer Help Web Editorial Team at 3:36 PM |