The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
March 12, 2024US CONSUMER PRICE INDEX, FEBRUARY 2024 The United States Consumer Price Index (not seasonally adjusted) for All Urban Consumers increased 3.2% year-over-year in February 2024. Compared to February 2023, prices were higher in food (+2.2%), shelter (+5.7%) and Transportation (+9.9%), and lower in energy (-1.9%) and gasoline (-3.9%). Notable other indexes increases over February 2023 were reported for food away from home, (+4.5%), and electricity (+3.6%).
The month-over-month (seasonally adjusted) change in the CPI was +0.4% in February 2024, following +0.3% in January 2024. Over the past month shelter continued to rise (+0.4%). Shelter and gasoline accounted for over 60% of the monthly all-item CPI growth in February 2024. The food index was unchanged compared to the previous month. Energy prices increased 2.3% over January 2024 with increases in all subcomponents (gasoline, fuel oil, electricity and utility (piped) gas services). 
The CPI excluding food and energy rose 3.8% compared to February 2023. The CPI excluding food and energy index was up 0.4% compared to January 2024.
Note: Canada and Nova Scotia February 2024 CPI figures will be released on March 19, 2024.
Sources:
Statistics Canada. Table 18-10-0004-01 Consumer Price Index, monthly, not seasonally adjusted
US Bureau of Labor Statistics, retrieved from Federal Reserve Bank of St. Louis using the FRED API.
<--- Return to Archive
