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Highlights:
Consumer prices on average advanced 1.4% in the 12 months to February 2009, slightly faster than the 1.1% rise posted in January.On an unadjusted monthly basis, consumer prices rose 0.7% from January to February, after falling 0.3% from December to January.
All-items Consumer Price Index (CPI):
- Upward pressure on the CPI came primarily from two sources: higher food and shelter costs.
- Compared to the same month last year, downward pressure in February came mainly from lower prices for gasoline and from declines in prices to purchase and lease passenger vehicles.
- The increase in speed in the CPI in February was due primarily to smaller price declines for gasoline and to purchase and lease passenger vehicles.
- A sharp increase in prices for gasoline between January and February primarily contributed to the monthly rise in the CPI.
Main contributors to the 12-month change in the CPI:
Main upward contributors:
- Mortgage interest cost (+5.0%)
- Fresh vegetables (+25.8%)
- Natural gas (+14.4%)
Main downward contributors:
- Gasoline (-19.7%)
- Purchase and leasing of passenger vehicles (-6.4%)
- Fuel oil and other fuels (-22.1%)
Main contributors to the monthly change in the CPI, not seasonally adjusted:
Main upward contributors:
- Gasoline (+5.6%)
- Travel tours (+14.5%)
Main downward contributors:
- Fresh fruit (-4.8%)
- Fuel oil and other fuels (-4.8%)
