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Horrifying! US Energy Commodity Inflation Reaches 37.9% (YoY) in February 2022

Viva Budy Kusnandar 11/03/2022 10:10 WIB

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The pressure from rising energy, food, and service commodity prices has pushed US inflation to its highest level in four decades.

Energy and Food Inflation Month-on-Month and Year-on-Year (February 2022)

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Horrifying! US Energy Commodity Inflation Reaches 37.9% (YoY) in February 2022

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Energy and Food Inflation Month-on-Month and Year-on-Year (February 2022)

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Pressure from rising prices of energy commodities, food, and services pushed US inflation to its highest level in the last four decades.

The US Bureau of Labor Statistics (BLS) reported that in February 2022, inflation was 0.8% compared to the previous month (month-to-month/m-to-m). Compared to February 2021, last month's inflation reached 7.9% (year-on-year/YoY).

Rising global energy commodity prices, impacted by Russia's attack on Ukraine, caused US energy inflation in February 2022 to reach 3.5% (m-to-m) or 25.6% (YoY).

Specifically, energy commodity inflation last month surged by 6.7% (m-to-m) or 37.9% (YoY). More specifically, gasoline inflation for all types experienced a 6.6% (m-to-m) or 38% (YoY) increase. Similarly, fuel oil (diesel fuel) experienced inflation of 7.7% (m-to-m) or 43.6% (YoY).

Meanwhile, energy services inflation experienced a deflation of 0.4% (m-to-m), but compared to February of the previous year, energy services experienced inflation of 12.3% (YoY). In detail, electricity experienced deflation of 1.1% (m-to-m) but inflation of 9% (YoY). Piped gas services experienced inflation of 1.5% (m-to-m) or 23.8% (YoY).

Similarly, the food inflation rate last month was 1% (m-to-m) or 7.9% (YoY). Specifically, food at home inflation was 1.4% (m-to-m) or 8.6% (YoY), and food away from home inflation was 0.4% (m-to-m) or 6.8% (YoY).

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Horrifying! US Energy Commodity Inflation Reaches 37.9% (YoY) in February 2022

Horrifying! US Energy Commodity Inflation Reaches 37.9% (YoY) in February 2022

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Horrifying! US Energy Commodity Inflation Reaches 37.9% (YoY) in February 2022

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