The U.S. Bureau of Labor Statistics released its monthly Consumer Price Index Summary February 12, 2025:
CONSUMER PRICE INDEX – JANUARY 2025
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent on a seasonally adjusted basis in January, after rising 0.4 percent in December, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.0 percent before seasonal adjustment.
The index for shelter rose 0.4 percent in January, accounting for nearly 30 percent of the monthly all items increase. The energy index rose 1.1 percent over the month, as the gasoline index increased 1.8 percent. The index for food also increased in January, rising 0.4 percent as the index for food at home rose 0.5 percent and the index for food away from home increased 0.2 percent.
The index for all items less food and energy rose 0.4 percent in January. Indexes that increased over the month include motor vehicle insurance, recreation, used cars and trucks, medical care, communication, and airline fares. The indexes for apparel, personal care, and household furnishings and operations were among the few major indexes that decreased in January.
The all items index rose 3.0 percent for the 12 months ending January, after rising 2.9 percent over the 12 months ending December. The all items less food and energy index rose 3.3 percent over the last 12 months. The energy index increased 1.0 percent for the 12 months ending January. The food index increased 2.5 percent over the last year.
Food
The index for food increased 0.4 percent in January. The food at home index rose 0.5 percent over the month as four of the six major grocery store food group indexes increased. The index for meats, poultry, fish, and eggs rose 1.9 percent over the month, as the index for eggs increased 15.2 percent. This was the largest increase in the eggs index since June 2015 and it accounted for about two thirds of the total monthly food at home increase. The index for other food at home rose 0.3 percent in January and the index for nonalcoholic beverages increased 0.9 percent. The dairy and related products index rose 0.3 percent over the month.
The index for fruits and vegetables fell 0.5 percent in January, as the index for tomatoes declined 2.0 percent and the index for other fresh vegetables fell 2.6 percent. The cereals and bakery products index decreased 0.4 percent over the month as the breakfast cereal index fell 3.3 percent.
The food away from home index rose 0.2 percent in January. The index for limited service meals rose 0.3 percent over the month and the index for full service meals rose 0.1 percent.
The index for food at home rose 1.9 percent over the last 12 months. The meats, poultry, fish, and eggs index rose 6.1 percent over the last 12 months as the eggs index increased 53.0 percent. The index for nonalcoholic beverages increased 2.2 percent over the same period, while the index for other food at home rose 0.8 percent and the index for dairy and related products increased 1.2 percent. The cereals and bakery products index increased 0.4 percent over the year and the fruits and vegetables index rose 0.3 percent over the same period.
The food away from home index rose 3.4 percent over the last year. The index for limited service meals and the index for full service meals both rose 3.3 percent over the same period.
Produce
Fresh fruits and vegetables fell -0.5 percent from December to January, while it rose 0.4 percent year-over-year. Fresh fruit rose 1.4 percent year-over-year and 0.5 percent for the month. Fresh vegetables fell -0.6 percent year-over-year and -1.7 percent from December to January.
