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Consumer Price Index rises 0.7 percent in 2015

The Consumer Price Index for urban consumers nationwide increased 0.7 percent over the past twelve months, with increases by region ranging from 0 percent in the Midwest to 1.8 percent in the far West, according to the monthly CPI report from the U.S. Bureau of Labor Statistics released Wednesday. In the Northeast, the largest year-over-year price increases by expenditure category were 2.7 percent for shelter and 2.4 percent for education and communication.  Falling prices for gas and motor fuel spurred a 15.3 percent year-over-year decline in energy prices in our region.

1/22/2016 (c) 2016 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email rbj@rbj.net.

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