The consumer price index increased 0.6 percent in January on aseasonally adjusted basis, the U.S.Bureau of Labor Statistics reported today. Over the last 12months, the all items index rose 2.5 percent before seasonaladjustment.

|

The overall index rose to 2.5 percent in January from 2.1percent in December.

|

A major uptick came from the energy index, rising 4 percent,with energy commodities and gasoline both noting close to 8 percentincreases. A nationwide average of $2.30 for a gallon of gasoline,up from under $2 last spring, has pinched U.S. households, asreported by Marketwatch.

|

The food index rose 0.1 percent in January, its first increasesince April 2016. The index for food away from home rose 0.4percent, its largest increase since September 2015. The food athome index was unchanged in January after declining in recentmonths.

|

Tenants' and household insurance dipped 0.1 percent, down fromDecember's increase of 0.0 percent; repair of household items rose4.9 percent, down from December's increase of 5 percent.

|

Related: 9 consumer-friendly auto insuranceinnovations

|

Insurance-related figures

The consumer price index for Auto insurance rose 7.5 percent inApril, which was up from December's increase of 7 percent. Tenants'and household insurance dipped 0.1 percent in January, which wasdown from March's increase of 1.5 percent.

|

CPI January 2017

(Source:Insurance Information Institute)

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.