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BREAKING NEWS
By Staff Reporters
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The Consumer Price Index (CPI) for February found that the cost of goods and services rose 0.2% on the month. The annual rate of inflation was also up 2.8% — slightly less than expected.
Here’s a breakdown of several price changes for February:
- Food: increase 0.2%
- Energy: increase 0.2%
- Electricity: increase 1.0%
- New vehicles: decrease 0.1%
- Used vehicles: increase 0.9%
- Apparel: increase 0.6%
- Shelter: increase 0.3%
- Transportation: decrease 0.8%
- Medical care services: increase 0.3%
The Bureau of Labor Statistics reported that according to its indexes, over the month the cost of medical care rose 0.3%, physicians’ services were 0.4% higher, hospital services added 0.1%, and prescription-drug costs were unchanged.
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Filed under: "Ask-an-Advisor", Accounting, Experts Invited, Funding Basics, Glossary Terms, Investing | Tagged: BLS, Bureau Labor Statistics, Consumer Price Index, CPI, drug costs, food costs, inflation, Medical care costs | Leave a comment »
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