Food and Energy Sector Analysis
Contrasting movements were seen in the food and energy sectors. The food index remained static, with no change in February, showing a balance between rising and falling food group indexes. Meanwhile, the energy index surged by 2.3%, a stark contrast to its 0.9% decline in January. Gasoline, natural gas, and fuel oil all posted notable increases.
Core CPI Movements
Stripping out food and energy, the core CPI (all items less food and energy) also climbed by 0.4%. Significant increases were noted in shelter, airline fares, and motor vehicle insurance. In contrast, medical care remained unchanged, and personal care experienced a decrease.
12-Month Sector Performance
Analyzing the 12-month period ending February, the all items index increased…
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