February 2007 CPI Up 0.4%, Core CPI Up 0.2%

The Consumer Price Index (CPI) was up 0.4% in February 2007, compared to last month's 0.2%. The core CPI, which excludes food and energy prices, was up 0.2%, compared to 0.3% last month.

CPI values from February-2006 to February-2007.

  feb  mar  apr  may  jun  jul  aug  sep  oct   nov  dec  jan  feb
  ---------------------------------------------------------------- 
  .1   .4   .6   .4   .2   .4   .2  -.5   -.5   .0   .5    .2   .4

Energy prices were up 0.9%, while food and beverages prices increased 0.8%.

The following was copied from the BLS.gov website.

   "Effective with this release of the Consumer Price Index (CPI), 
    the Bureau of Labor Statistics has begun computing percent 
    changes based upon three decimal place indexes rather than 
    one decimal place indexes."

   "This change in procedure addresses a rounding issue that has 
    resulted in published percent changes that are 0.1 percentage 
    point higher or lower than the same percent changes based on 
    unrounded index values (i.e., indexes to three or more decimal 
    places).  These differences can be particularly important when 
    percent changes are very small.  Publishing the index values to 
    three decimal places, and using these values to compute percent 
    changes, essentially eliminates the rounding differences."
Exercises
  1. Calculate the CPI for the last 12 months.

Related BAB

Creator: Gerald D. Thurman [gthurman@gmail.com]
Created: 29 March 2007

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This work is licensed under a Creative Commons License.