The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis in February, after rising 0.5 percent in January, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months,…
Source: U.S. Bureau of Labor Statistics6 min read
Historical releaseThe figures below describe the original reporting period. They are not today’s rates or a current economic forecast.Today’s market brief →
Historical release narrative reproduced from the official public-domain source. Statistical tables, standard technical appendices, administrative material and attendance rosters are omitted; formatting is adapted for reading. Figures retain the release's historical context and may have been revised. Consult the linked source for the complete document.
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis in February, after rising 0.5 percent in January, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.8 percent before seasonal adjustment.
The index for shelter rose 0.3 percent in February, accounting for nearly half of the monthly all items increase. The shelter increase was partially offset by a 4.0-percent decrease in the index for airline fares and a 1.0-percent decline in the index for gasoline. Despite the decrease in the gasoline index, the energy index rose 0.2 percent over the month as the indexes for electricity and natural gas increased. The index for food also increased in February, rising 0.2 percent as the index for food away from home increased 0.4 percent. The food at home index was unchanged over the month.
The index for all items less food and energy rose 0.2 percent in February, following a 0.4-percent increase in January. Indexes that increased over the month include medical care, used cars and trucks, household furnishings and operations, recreation, apparel, and personal care. The indexes for airline fares and new vehicles were among the few major indexes that decreased in February.
The all items index rose 2.8 percent for the 12 months ending February, after rising 3.0 percent over the 12 months ending January. The all items less food and energy index rose 3.1 percent over the last 12 months. The energy index decreased 0.2 percent for the 12 months ending February. The food index increased 2.6 percent over the last year.
Food
The index for food increased 0.2 percent in February, after rising 0.4 percent in January. The food at home index was unchanged over the month as declines in four of the six major grocery store food group indexes were offset by increases in the remaining two. The index for other food at home decreased 0.5 percent in February as did the index for fruits and vegetables and the index for nonalcoholic beverages. The dairy and related products index declined 1.0 percent over the month.
Driven primarily by a 10.4-percent increase in the index for eggs, the index for meats, poultry, fish, and eggs rose 1.6 percent in February. The beef index also increased over the month, rising 2.4 percent. The index for cereals and bakery products rose 0.4 percent in February, after falling 0.4 percent in January.
The food away from home index rose 0.4 percent in February. The index for full service meals rose 0.4 percent over the month and the index for limited service meals rose 0.3 percent.
The food at home index rose 1.9 percent over the last 12 months. The index for meats, poultry, fish, and eggs rose 7.7 percent over the last 12 months as the index for eggs increased 58.8 percent. The nonalcoholic beverages index increased 2.1 percent over the same period, while the dairy and related products index rose 0.8 percent, and the cereals and bakery products index increased 0.3 percent. The index for other food at home increased 0.1 percent over the year. In contrast, the fruits and vegetables index decreased 0.2 percent over the same period.
The food away from home index rose 3.7 percent over the last year. The index for full service meals also rose 3.7 percent and the index for limited service meals rose 3.5 percent over the same period.
Energy
The energy index increased 0.2 percent in February, after rising 1.1 percent in January. The gasoline index decreased 1.0 percent over the month. (Before seasonal adjustment, gasoline prices increased 1.3 percent in February.) The index for natural gas rose 2.5 percent over the month and the index for electricity increased 1.0 percent.
The energy index decreased 0.2 percent over the past 12 months. The gasoline index fell 3.1 percent over this 12-month span and the fuel oil index fell 5.1 percent over that period. In contrast, the index for electricity increased 2.5 percent over the last 12 months and the index for natural gas rose 6.0 percent.
All items less food and energy
The index for all items less food and energy rose 0.2 percent in February, following a 0.4-percent increase in January. The shelter index increased 0.3 percent over the month. The index for owners' equivalent rent rose 0.3 percent in February, as did the index for rent. The lodging away from home index increased 0.2 percent in February.
The medical care index increased 0.3 percent over the month. The index for physicians' services increased 0.4 percent in February and the index for hospital services rose 0.1 percent over the month. The prescription drugs index was unchanged in February.
The used cars and trucks index rose 0.9 percent in February. The index for household furnishings and operations rose 0.4 percent over the month and the index for recreation increased 0.3 percent. Other indexes that increased in February include apparel, personal care, and motor vehicle insurance. In contrast, the index for airline fares fell 4.0 percent in February, after rising 1.2 percent in January. The index for new vehicles also declined over the month, falling 0.1 percent.
The index for all items less food and energy rose 3.1 percent over the past 12 months. The shelter index increased 4.2 percent over the last year, the smallest 12-month increase since December 2021. Other indexes with notable increases over the last year include motor vehicle insurance (+11.1 percent), medical care (+2.9 percent), recreation (+1.8 percent), and education (+3.7 percent).
Not seasonally adjusted CPI measures
The Consumer Price Index for All Urban Consumers (CPI-U) increased 2.8 percent over the last 12 months to an index level of 319.082 (1982-84=100). For the month, the index increased 0.4 percent prior to seasonal adjustment.
The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 2.7 percent over the last 12 months to an index level of 312.460 (1982-84=100). For the month, the index increased 0.4 percent prior to seasonal adjustment.
The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 2.6 percent over the last 12 months. For the month, the index increased 0.4 percent on a not seasonally adjusted basis. Please note that the indexes for the past 10 to 12 months are subject to revision.
Changes to leased cars and trucks source data and methodology
With the release of April 2025 data on May 13, 2025, the Bureau of Labor Statistics (BLS) will replace the survey data collected for the CPI's leased cars and trucks index with transaction data purchased from a vendor to increase the accuracy of the index.
The Measuring Price Change in the CPI: Leased cars and trucks factsheet at https://www.bls.gov/cpi/factsheets/leased-cars-and-trucks.htm will be updated on release day to reflect these changes.
Archived Nov 11, 2026. Source reuse policy. Formatting has been adapted for reading; the source’s conclusions remain attributed to its publisher.
MortgageRates.news analysis · Historical context
The mortgage market around this release
This original analysis is separate from the source article. It compares observed benchmarks around ; historical averages and yields are not current mortgage offers.
Read consumer inflation on a consistent basis
The Consumer Price Index measures changes in prices paid by urban consumers for a basket of goods and services. Check the index, reference month and seasonal adjustment before comparing figures. A monthly change and a twelve-month change describe different periods; the all-items index and the measure excluding food and energy cover different baskets. Consumer inflation informs the wider policy discussion, but the benchmark comparison below does not isolate this release from other information arriving during the month. BLS Consumer Price Index.
Nearest published observation on or before each target date
Calendar references, not an intraday reaction. A same-day market observation may have been published after a morning release. These figures do not show what was known at its exact publication time. One basis point (bp) is 0.01 percentage point; changes use the actual dated observations shown.
Dots show published observations only. Missing dates remain blank, with no interpolation. The series have different publication schedules and measure different markets.
What that benchmark difference would mean for a $300,000 loan
At the publication reference$1,921.92/month
6.63% · Mar 6, 2025
At the later reference$1,919.94/month
6.62% · Apr 10, 2025
The illustrative principal-and-interest payment is $1.98 lower per month. This holds the loan amount and term constant to show the arithmetic effect of the benchmark difference.
Assumptions: two separate hypothetical $300,000 loans, each fully amortizing over 30 years with 360 monthly payments and its stated fixed interest rate. Excludes points, lender fees, taxes, insurance, association charges and other costs. PMMS is a national average, not an APR or a personalized rate offer. These are not two payments on one existing loan.
Sources, historical coverage and calculation limits
Freddie Mac Primary Mortgage Market Survey®: available observations from Apr 2, 1971 through Nov 5, 2026. Cached history snapshot. History retrieved or verified Nov 11, 2026.
U.S. Department of the Treasury: available observations from Jan 4, 2016 through Nov 10, 2026. Cached history snapshot. History retrieved or verified Nov 11, 2026.
The 30-day comparisons use calendar days. Each cell selects the last published observation on or before its target; no rates are synthesized for missing dates. Gaps greater than seven days for daily Treasury data or fourteen days for weekly mortgage data are marked unavailable. Forward comparisons require the date to have arrived and source coverage to extend through it.
Historical files may contain revisions and do not reconstruct precisely what every market participant knew at the time. Freddie Mac changed its PMMS collection methodology in November 2022. Cross-period comparisons should account for that change. These windows include other news and cannot establish causation or forecast the next rate move.