CPI-U rises due to gasoline price increase

Driven largely by a 20.3 percent increase in the price of gasoline, the Consumer Price Index for All Urban Consumers (CPI-U) rose 2.5 percent nationwide from January 2016 to January 2017—the largest 12-month increase since February 2013—according to the Bureau of Labor Statistics report released Wednesday. Year-over-year regional CPI-U increases ranged from 2.6 percent in the South to 2.2 percent in the Midwest. In addition to paying 23.4 percent more for gasoline in January 2016 compared to the price a year ago, Northeast region urban consumers paid 13.5 percent more for utility (piped) gas service and 3.5 percent more for medical care, according to the BLS report.

2/17/2017 (c) 2017 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email




Check Also

The second Luminate NY cohort.

NextCorps announces 2019 Luminate NY cohort (access required)

The second cohort of the Luminate NY accelerator has been announced, featuring 10 companies stretching from Israel to California. The ...