Washington: The US Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.2 percent on a seasonally adjusted basis in January, reported the US Bureau of Labor Statistics.
According to Kuwait News Agency, over the last 12 months, the all items index rose by 2.4 percent before seasonal adjustment. The increase in the index for shelter, which rose by 0.2 percent in January, was the largest contributor to the monthly increase in all items.
The food index also saw an increase of 0.2 percent over the month, with the food at home index experiencing a similar rise, while the food away from home index rose by 0.1 percent. These increases were partially offset by a 1.5 percent decline in the energy index in January.
The index for all items less food and energy rose by 0.3 percent during the same period. Noteworthy increases were observed in the indexes for airline fares, personal care, recreation, medical care, and communication. However, the indexes for used cars and trucks, household furnishings and operations, and motor vehicle insurance saw decreases in January.
For the 12 months ending in January, the all items index rose by 2.4 percent, following a 2.7 percent increase for the 12 months ending in December. The all items less food and energy index rose by 2.5 percent over the last 12 months, while the energy index decreased by 0.1 percent for the 12 months ending January.