Consumer Price Index up 4.1 percent in 2007
January 17, 2008
For the 12-month period ended in December 2007, the Consumer Price Index for All Urban Consumers (CPI-U) rose 4.1 percent. This compares with an increase of 2.5 percent in 2006.
The index for energy, which advanced at annual rates of 22.9 and 32.9 percent in the first two quarters, declined at a 14.8-percent rate in the third quarter, and turned back up in the fourth quarter, advancing at a 37.1-percent annual rate. Overall energy costs rose 17.4 percent in 2007 with the index for petroleum-based energy costs (energy commodities) up 29.4 percent and charges for energy services (gas and electricity) up 3.4 percent.
The food index, which rose 2.1 percent in all of 2006, advanced 4.9 percent in 2007, its largest increase since a 5.3-percent rise in 1990. Grocery store food prices increased 5.6 percent in 2007, reflecting acceleration over the last year in each of the six major groups. These increases ranged from 3.2 percent in the index for other food items at home to 13.4 percent in the index for dairy products.
Excluding food and energy, the CPI-U advanced 2.4 percent in 2007, following an increase of 2.6 percent in 2006.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer Price Index up 4.1 percent in 2007 on the Internet at http://www.bls.gov/opub/ted/2008/jan/wk2/art04.htm (visited October 23, 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.