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Consumer Price Index up 0.4 percent over the month, 6.0 percent over the year, in February 2023

March 20, 2023

The Consumer Price Index for All Urban Consumers rose 0.4 percent in February 2023 (seasonally adjusted) after rising 0.5 percent in January and 0.1 percent in December 2022. The index for shelter was the largest contributor to the rise in the monthly price for all items, accounting for over 70 percent of that increase.


	 
Consumer Price Index for All Urban Consumers, 1-month and 12-month percent changes, February 2013 to February 2023
Month 1-month percent change (seasonally adjusted) 12-month percent change (not seasonally adjusted)

Feb 2013

0.5% 2.0%

Mar 2013

-0.3 1.5

Apr 2013

-0.2 1.1

May 2013

0.0 1.4

Jun 2013

0.2 1.8

Jul 2013

0.2 2.0

Aug 2013

0.2 1.5

Sep 2013

0.0 1.2

Oct 2013

0.1 1.0

Nov 2013

0.2 1.2

Dec 2013

0.3 1.5

Jan 2014

0.2 1.6

Feb 2014

0.1 1.1

Mar 2014

0.2 1.5

Apr 2014

0.2 2.0

May 2014

0.2 2.1

Jun 2014

0.1 2.1

Jul 2014

0.1 2.0

Aug 2014

0.0 1.7

Sep 2014

0.0 1.7

Oct 2014

0.0 1.7

Nov 2014

-0.2 1.3

Dec 2014

-0.3 0.8

Jan 2015

-0.6 -0.1

Feb 2015

0.3 0.0

Mar 2015

0.3 -0.1

Apr 2015

0.1 -0.2

May 2015

0.3 0.0

Jun 2015

0.3 0.1

Jul 2015

0.2 0.2

Aug 2015

0.0 0.2

Sep 2015

-0.2 0.0

Oct 2015

0.1 0.2

Nov 2015

0.1 0.5

Dec 2015

-0.1 0.7

Jan 2016

0.0 1.4

Feb 2016

-0.1 1.0

Mar 2016

0.3 0.9

Apr 2016

0.4 1.1

May 2016

0.2 1.0

Jun 2016

0.3 1.0

Jul 2016

-0.1 0.8

Aug 2016

0.2 1.1

Sep 2016

0.3 1.5

Oct 2016

0.2 1.6

Nov 2016

0.1 1.7

Dec 2016

0.3 2.1

Jan 2017

0.4 2.5

Feb 2017

0.2 2.7

Mar 2017

0.0 2.4

Apr 2017

0.1 2.2

May 2017

-0.1 1.9

Jun 2017

0.1 1.6

Jul 2017

0.0 1.7

Aug 2017

0.4 1.9

Sep 2017

0.5 2.2

Oct 2017

0.1 2.0

Nov 2017

0.3 2.2

Dec 2017

0.2 2.1

Jan 2018

0.4 2.1

Feb 2018

0.3 2.2

Mar 2018

0.0 2.4

Apr 2018

0.3 2.5

May 2018

0.2 2.8

Jun 2018

0.1 2.9

Jul 2018

0.1 2.9

Aug 2018

0.2 2.7

Sep 2018

0.2 2.3

Oct 2018

0.2 2.5

Nov 2018

-0.1 2.2

Dec 2018

0.1 1.9

Jan 2019

0.0 1.6

Feb 2019

0.2 1.5

Mar 2019

0.3 1.9

Apr 2019

0.4 2.0

May 2019

0.0 1.8

Jun 2019

-0.1 1.6

Jul 2019

0.2 1.8

Aug 2019

0.1 1.7

Sep 2019

0.2 1.7

Oct 2019

0.3 1.8

Nov 2019

0.2 2.1

Dec 2019

0.3 2.3

Jan 2020

0.2 2.5

Feb 2020

0.1 2.3

Mar 2020

-0.4 1.5

Apr 2020

-0.8 0.3

May 2020

-0.1 0.1

Jun 2020

0.4 0.6

Jul 2020

0.5 1.0

Aug 2020

0.4 1.3

Sep 2020

0.2 1.4

Oct 2020

0.1 1.2

Nov 2020

0.2 1.2

Dec 2020

0.5 1.4

Jan 2021

0.2 1.4

Feb 2021

0.4 1.7

Mar 2021

0.5 2.6

Apr 2021

0.7 4.2

May 2021

0.7 5.0

Jun 2021

0.8 5.4

Jul 2021

0.4 5.4

Aug 2021

0.4 5.3

Sep 2021

0.4 5.4

Oct 2021

0.9 6.2

Nov 2021

0.8 6.8

Dec 2021

0.8 7.0

Jan 2022

0.6 7.5

Feb 2022

0.7 7.9

Mar 2022

1.0 8.5

Apr 2022

0.4 8.3

May 2022

0.9 8.6

Jun 2022

1.2 9.1

Jul 2022

0.0 8.5

Aug 2022

0.2 8.3

Sep 2022

0.4 8.2

Oct 2022

0.5 7.7

Nov 2022

0.2 7.1

Dec 2022

0.1 6.5

Jan 2023

0.5 6.4

Feb 2023

0.4 6.0

The 6.0-percent increase in the index for all items from February 2022 to February 2023 was down from a 6.4-percent increase for the 12 months ending in January. Consumer prices for all items less food and energy rose 5.5 percent from February 2022 to February 2023.

Consumer food prices increased 9.5 percent from February 2022 to February 2023, down from 10.1 in January and 10.9 percent in December 2022. Prices for food at home rose 10.2 percent over the last 12 months, down from 11.3 percent in January 2023. Prices for food away from home rose 8.4 percent from February 2022 to February 2023.

12-month percentage change, Consumer Price Index, selected categories, February 2023, not seasonally adjusted
Category 12-month percent change, Feb 2023

All items

6.0%

Food

9.5

Food at home

10.2

Cereals and bakery products

14.6

Meats, poultry, fish, and eggs

6.8

Dairy and related products

12.3

Fruits and vegetables

5.3

Nonalcoholic beverages and beverage materials

12.3

Other food at home

12.4

Food away from home

8.4

Full service meals and snacks

8.0

Limited service meals and snacks

7.2

Energy

5.2

Energy commodities

-1.4

Fuel oil

9.2

Gasoline (all types)

-2.0

Energy services

13.3

Electricity

12.9

Natural gas (piped)

14.3

All items less food and energy

5.5

Commodities less food and energy commodities

1.0

Apparel

3.3

New vehicles

5.8

Used cars and trucks

-13.6

Medical care commodities

3.2

Alcoholic beverages

4.9

Tobacco and smoking products

6.7

Services less energy services

7.3

Shelter

8.1

Rent of primary residence

8.8

Owners' equivalent rent of residences

8.0

Medical care services

2.1

Physicians' services

1.2

Hospital services

3.6

Transportation services

14.6

Motor vehicle maintenance and repair

12.5

Motor vehicle insurance

14.5

Airline fare

26.5

Energy prices rose 5.2 percent over the past 12 months. Gasoline prices fell 2.0 percent, and fuel oil prices rose 9.2 percent. Consumer prices for electricity rose 12.9 percent, and prices for natural gas increased 14.3 percent over the last 12 months.

Shelter prices rose 8.1 percent over the last 12 months. Several transportation indexes also rose notably over the last year, including motor vehicle maintenance and repair (12.5 percent), motor vehicle insurance (14.5 percent), and airline fares (26.5 percent).

These data are from the Consumer Price Index program. To learn more, see "Consumer Price Index — February 2023." We also have more charts on consumer prices.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer Price Index up 0.4 percent over the month, 6.0 percent over the year, in February 2023 at https://www.bls.gov/opub/ted/2023/consumer-price-index-up-0-4-percent-over-the-month-6-0-percent-over-the-year-in-february-2023.htm (visited July 25, 2024).

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