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[IWS] BLS: CONSUMER PRICE INDEX - DECEMBER 2014 [16 January 2015
IWS Documented News Service
Institute for Workplace Studies-----------------Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor--------------------Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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CONSUMER PRICE INDEX - DECEMBER 2014 [16 January 2015
[full-text, 40 pages]
Supplemental Files Table of Contents
The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.4 percent
in December on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics
reported today. Over the last 12 months, the all items index increased 0.8
percent before seasonal adjustment.
The gasoline index continued to fall sharply, declining 9.4 percent and leading
to the decrease in the seasonally adjusted all items index. The fuel oil index
also fell sharply, and the energy index posted its largest one-month decline
since December 2008, although the indexes for natural gas and for electricity
both increased. The food index, in contrast, rose 0.3 percent, its largest
increase since September.
The index for all items less food and energy was unchanged in December,
following a 0.2 percent increase in October and a 0.1 percent rise in November.
This was only the second time since 2010 that it did not increase. The shelter
index continued to rise, and the index for medical care posted its largest
increase since August 2013. However, these increases were offset by declines
in a broad array of indexes including apparel, airline fares, used cars and
trucks, household furnishings and operations, and new vehicles.
The all items index increased 0.8 percent over the last 12 months. This is
notably lower than the 1.3 percent change for the 12 months ending November.
The energy index has declined 10.6 percent over the span. In contrast, the
3.4 percent increase in the food index is its largest 12-month increase since
February 2012. The index for all items less food and energy has increased 1.6
percent over the last 12 months, its smallest 12-month change since the 12
months ending February 2014.
AND MUCH MORE...including TABLES....
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