The Consumer Price Index (CPI) rose 2.2% on a year-over-year basis in February, following a 1.7% increase in January. All eight major components increased year over year in February. Chart 2 Chart 2: Consumer prices increase in all major components Consumer prices increase in all major components Chart 2: Consumer prices increase in all major components Energy costs were 5.3% higher compared with February 2017, after increasing 2.4% year over year in January. Year-over-year gains in gasoline (+12.6%) and natural gas (+0.8%) were larger in February than in January. Prices for durable goods were up 0.6%, led by the ... (full story)