The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent in January on a
seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months,
the all items index rose 2.1 percent before seasonal adjustment.
The seasonally adjusted increase in the all items index was broad-based, with increases in the indexes
for gasoline, shelter, apparel, medical care, and food all contributing. The energy index rose 3.0 percent
in January, with the increase in the gasoline index more than offsetting declines in other energy
component indexes. The food index rose 0.2 percent with the indexes for food at home and food away
from home both rising.
The index for all items less food and energy increased 0.3 percent in January. Along with shelter,
apparel, and medical care, the indexes for motor vehicle insurance, personal care, and used cars and
trucks also rose in January. The indexes for airline fares and new vehicles were among those that
declined over the month.
The all items index rose 2.1 percent for the 12 months ending January, the same increase as for the 12
months ending December. The index for all items less food and energy rose 1.8 percent over the past
year, while the energy index increased 5.5 percent and the food index advanced 1.7 percent.
The food index increased 0.2 percent in January. The index for food away from home increased 0.4
percent, its largest monthly increase since last January. The food at home index increased 0.1 percent.
Major grocery store food group indexes were mixed, with two rising, one falling, and three unchanged.
The index for fruits and vegetables rose 0.5 percent reflecting a 1.9-percent increase in the fresh fruits
index and a 1.2-percent decline in the index for fresh vegetables. The index for cereals and bakery
products rose in January, increasing 0.3 percent.
The index for meats, poultry, fish, and eggs declined in January, falling 0.2 percent after rising in
December. The indexes for dairy and related products, nonalcoholic beverages, and other food at home
were all unchanged in January.
Over the last 12 months, the index for food away from home increased 2.5 percent. The food at home
index rose 1.0 percent, with four of the six major grocery store food groups rising over the span. The
fruits and vegetables index increased the most, at 3.5 percent, while the indexes for dairy and related
products and cereals and bakery products both declined over the last year.
The energy index rose 3.0 percent in January. The gasoline index increased 5.7 percent in January after
falling in December. (Before seasonal adjustment, gasoline prices increased 3.2 percent in January.) The
fuel oil index also increased in January, rising 9.5 percent. In contrast, the index for natural gas fell 2.6
percent in January and the electricity index decreased 0.2 percent.
All the major energy component indexes increased over the past 12 months. The gasoline index rose 8.5
percent and the fuel oil index rose 22.5 percent. The electricity index rose more modestly, increasing 2.4
percent, and the index for natural gas increased slightly, rising 0.2 percent.
All items less food and energy
The index for all items less food and energy increased 0.3 percent in January. The shelter index
increased 0.2 percent as the indexes for rent and owners’ equivalent rent both rose 0.3 percent, while the
index for lodging away from home declined 2.0 percent over the month. The apparel index rose sharply
in January, increasing 1.7 percent after falling in previous months. The medical care index increased as
well, rising 0.4 percent. The index for hospital services increased 1.3 percent, and the physicians’
services index rose 0.3 percent; the index for prescription drugs, however, declined 0.2 percent.
The index for motor vehicle insurance continued to rise in January, increasing 1.3 percent, its largest 1-
month increase since November 2001. The personal care index rose 0.5 percent; this was its largest
increase since January 2015. The used cars and trucks index also continued to rise, advancing 0.4
percent in January. The indexes for household furnishings and operations, education, and tobacco also
increased in January.
A few indexes declined in January, including airlines fares, which fell for the third consecutive month,
decreasing 0.6 percent. The new vehicles index decreased 0.1 percent. The indexes for recreation,
communication, and alcoholic beverages were all unchanged in January.
The index for all items less food and energy rose 1.8 percent over the past year. The index for motor
vehicle insurance rose 8.5 percent over the past 12 months, its largest 12-month increase since the period
ending June 2003. The shelter index increased 3.2 percent over the last 12 months, and the medical care
index rose 2.0 percent. The indexes for airline fares, new vehicles, used cars and trucks, and apparel
declined over the past 12 months