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 October 22, 2016).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.