The April Consumer Price Index dropped -0.4% from March. CPI measures inflation, or price increases. The culprit is gas prices again, which plunged -8.1% for the month. This is the biggest monthly decline in overall CPI since December 2008, when the economy was at risk of a deflationary spiral. Take food and energy items out of the index and CPI actually rose 0.1% from March, so once again volatile retail gasoline prices are wreaking havoc in the overall consumer price index, as well as consumer's monthly budgets.
The February Consumer Price Index jumped 0.7% from January. CPI measures inflation, or price increases. The culprit is gas prices again, which skyrocketed 9.1% for the month and is 75% of the monthly increase. This is the biggest monthly jump in CPI since June 2009. Take food and energy items out of the index and CPI actually rose 0.2% from January.
The January Consumer Price Index had no change from December. CPI measures inflation, or price increases. The culprit is gas prices again, which declined -3.0% for the month. Take food and energy items out of the index and CPI actually rose 0.3% from December.
The November Consumer Price Index decreased -0.3% from October. CPI measures inflation, or price increases. The culprit is gas prices. The gasoline index declined by -7.4%, the largest decline in gas prices since December 2008. The dramatic drop in gas prices offset inflation in other areas for the month which resulted in a decline not seen since May 2012 Below are CPI's monthly percentage changes.
The September Consumer Price Index increased 0.6% from August. The CPI measures inflation. This is the second month in a row for CPI to increase 0.6% and these jumps are the largest since June 2009. The reason again is gas with a 7.0% increase in the gasoline index for September and August's CPI jump was also caused by gas at the pump with a 9.0% increase in gasoline prices.
The August Consumer Price Index, which measures inflation, increased 0.6% from July. This is the largest monthly increase since June 2009 and the reason for the jump is 80% gasoline prices. The CPI gasoline index increased a whopping 9.0% in a month. When removing food and energy inflation, of which gasoline is a part, core inflation increased 0.1% for August. Below is CPI's monthly percentage change.
CPI is up 1.7% from a year ago, shown in the below graph.
The July Consumer Price Index, which measures inflation, was unchanged from June, the 2nd month in a row. The reason was electricity costs which dropped -1.3%. Gasoline increased 0.3% for July. Removing food and energy, inflation increased 0.1% for the month. Below is CPI's monthly percentage change.
The June Consumer Price Index, which measures inflation, was unchanged from May. The reason was gasoline prices, which dropped again, this time -2.0% from last month and up 1.7% for the year. Cheaper gas offset other increases. Below is the graph for CPI's monthly percentage change.
The May Consumer Price Index, which measures inflation, declined -0.3% from April. The reason was gasoline prices, which plunged a whopping -6.8% from last month Below is the graph for CPI's monthly percentage change.
The February Consumer Price Index, which measures inflation, increased 0.4%. Gas prices are responsible for 80% of the monthly CPI increase. From a year ago, CPI has risen 2.9%. Below is the graph for CPI's monthly percentage change.
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