West CPI up 0.8% in February & 2.0% Higher Over the Year

Mar 18th @ 8:06 am in News by Scott Staley

US Bureau of Labor Statistics

According to data released today by the U.S. Bureau of Labor Statistics, the Consumer Price Index for All Urban Consumers (CPI-U) in the West Region advanced 0.8 percent in February. The monthly increase was largely attributable to higher prices for gasoline.

The energy index, which includes motor fuel and household fuels, rose 7.3 percent over the month. Food prices declined 0.2 percent while the index for all items less food and energy increased 0.3 percent in February.

The CPI-U for the West region rose 2.0 percent from February 2012 to February 2013. Energy prices advanced 3.1 percent and food costs were up 1.6 percent. Excluding food and energy, the index increased 2.0 percent over the year.

Among the regions, prices in the Northeast rose 0.6 percent in February, and the indexes for the South and the Midwest advanced 0.9 percent and 1.1 percent, respectively. Over the year, prices increased 1.8 percent in the South, 2.0 percent in the Northeast, and 2.2 percent in the Midwest.

The full February 2013 West CPI release is attached in .PDF format and will be available online later today at http://www.bls.gov/ro7/cpiwest.htm. If you have any questions or would like to discuss the data, please contact an economist at 816-285-7000, or feel free to email us at BLSInfoKansasCity@bls.gov.