Annual consumer price rise smallest since 1986
January 15, 1999
The Consumer Price Index for All Urban Consumers (CPI-U) rose 1.6 percent from December 1997 to December 1998, after advancing 1.7 percent in 1997. This was the smallest increase reported since a 1.1 percent rise in 1986. The CPI-U measures retail price changes for goods and services purchased by consumers in metropolitan areas.
The moderate increase in 1998 was largely due to falling energy prices. The energy index declined 8.8 percent in 1998, again the largest drop since 1986. Energy commodities, including gasoline, fell 15.1 percent, and charges for energy services decreased 3.3 percent.
The "core" CPI-U, consumer prices excluding food and energy, rose 2.4 percent in 1998, compared with a 2.2 percent increase in 1997. Sharply higher tobacco prices caused the increase in the core rate.
These data are produced by the BLS Consumer Price Index program. More information can be obtained in news release USDL 99-11, "Consumer Price Indexes, December 1998." Annual comparisons are based on changes in indexes from December 1997 to December 1998.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Annual consumer price rise smallest since 1986 on the Internet at http://www.bls.gov/opub/ted/1999/jan/wk2/art05.htm (visited April 29, 2016).
Recent editions of Spotlight on Statistics
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.
- A look at pay at the top, the bottom, and in between
The Spotlight examines how earnings and wages have changed over time and how they differ within a geographic area, industry, or occupation.