By Tom Burnett CFA
On March 10, 2022, the Bureau of Labor Statistics issued the Consumer Price Index data for the month of February. The All Items Index rose by 0.8% in the month, after an increase of 0.6% for January. The increase for the 12 months ending in February was 7.9%, the highest 12-month figure since 1982.
The Core Index, excluding food and energy, rose 0.5% in February. The Core Index increased by 6.4% over the 12-month period. That increase was also the highest 12-month figure since 1982. Energy prices rose by 25.6% over the year, led by a 38.0% increase in gasoline prices.
The next report will be issued on April 12, 2022.
Tom Burnett CFA Is Director of Research