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IWS Documented News Service

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Institute for Workplace Studies-----------------Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor--------------------Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

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This service is supported, in part, by donations. Please consider making a donation by following the instructions at http://www.ilr.cornell.edu/iws/news-bureau/support.html

 

CONSUMER PRICE INDEX - DECEMBER 2014 [16 January 2015

http://www.bls.gov/news.release/cpi.nr0.htm

or

http://www.bls.gov/news.release/pdf/cpi.pdf

[full-text, 40 pages]

and

Supplemental Files Table of Contents

http://www.bls.gov/web/cpi.supp.toc.htm

 

 

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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