The Consumer Price Index Continued its Slowdown in 2015: Energy was the Main Factor
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[Excerpt] Overall price change remained modest in 2015, as the U.S. All-Items Consumer Price Index (CPI) posted the second-lowest increase in 50 years. As in 2014, inflation was limited by declining energy prices. Although food prices still increased in 2015, they did so at a substantially lower rate than in 2014. By contrast, the index for all items less food and energy increased at a faster rate in 2015, due in part to higher shelter prices. This Beyond the Numbers article examines trends for major CPI components, such as energy, food, and all items less food and energy, in 2015. As an annual account, the article highlights subcomponents that made notable changes or had some effect on the major category.
Consumer Price Index; CPI; inflation; energy prices; food prices