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Energy commodities prices down 20.9 percent over the year ended in February 2016
March 21, 2016
Over the 12 months ended in February 2016, the Consumer Price Index for All Urban Consumers (CPI-U) increased 1.0 percent (not seasonally adjusted), a smaller increase than the 1.4-percent change for the 12 months ending January.
Consumer Price Index for All Urban Consumers (CPI-U), 12-month percent change and relative importance, U.S. city average, by expenditure category, February 2016
Category
Percent change, November 2014 to November 2015
Relative importance
All items
1.0
100.000
Food at home
-0.3
8.239
Food away from home
2.6
5.794
Energy commodities
-20.9
3.080
Energy services
-4.6
3.605
Household furnishings and supplies
-1.0
3.313
Apparel
0.9
3.073
Transportation commodities less motor fuel
0.5
6.346
Medical care commodities
2.2
1.816
Recreation commodities
-2.6
1.891
Education and communication commodities
-4.5
0.644
Alcoholic beverages
1.3
0.962
Other goods
0.9
1.564
Shelter
3.3
33.225
Water and sewer and trash collection services
3.6
1.160
Household operations
3.3
0.848
Medical care services
3.9
6.603
Transportation services
2.6
5.873
Recreation services
2.7
3.856
Education and communication services
1.8
6.494
Other personal services
2.8
1.614
Note: Relative importance data are for January 2016.
The food at home index declined 0.3 percent over the 12-month period ended in February 2016; the food at home index had a relative importance of 8.2 in the overall CPI-U, which means that food at home accounted for that percentage of consumer spending. Prices of pork products, especially pork chops and ham, decreased more than other meats. Prices of fruits and vegetables, notably tomatoes, increased over the period. The index for food away from home (relative importance, 5.8) increased 2.6 percent. As a whole, food prices increased 0.9 percent from February 2015 to February 2016.
Prices of energy commodities, which include gasoline, propane, and kerosene, decreased 20.9 percent; these commodities had a relative importance of 3.1. The energy services index, which includes electricity and piped gas service, declined 4.6 percent; energy services had a relative importance of 3.6. The overall energy index, made up of commodities and services, declined 12.5 percent.
The index for shelter, which accounted for 33.2 percent of consumer spending, increased 3.3 percent over the 12-month period ending in February 2016.
These data are from the BLS Consumer Price Index program and are not seasonally adjusted. To learn more, see “Consumer Price Index — February 2016” (HTML) (PDF). Relative importance data used in the February 2016 CPI-U are for the previous month.
United States Department of Labor
