Consumer price index, 2004: consumer inflation was higher in 2004, reflecting higher prices for energy, new and used motor vehicles, and shelter.

From: Monthly Labor Review | Date: April 1, 2005| Author: Wilson, Todd | Copyright information

The Consumer Price Index for All Urban Consumers (CPI-U) for All Items for the U.S. city average increased 3.3 percent in 2004, up from a 1.9-percent rise during the prior year. (1) Last year's acceleration in this index largely reflects higher price increases for energy (motor fuel and household fuels), new and used motor vehicles, and shelter. Other components contributing to the acceleration include the upturn in the index for household furnishings and operations; a smaller decl...

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