The Consumer Price Index for All
Urban Consumers (CPI-U) increased 0.5 percent in June on a seasonally adjusted
basis, the U.S. Bureau of Labor Statistics reported July 16th. Over
the last 12 months, the all items index increased 1.8 percent before seasonal
adjustment.
The gasoline index rose sharply in June and
accounted for about two thirds of the seasonally adjusted all items
change. Other energy indexes were mixed, with the electricity index rising, but
the indexes for natural gas and fuel oil declining. The food index increased in
June as the index for food at home turned up after declining in May.
The index for all items less food and energy
increased 0.2 percent in June, the same increase as in May. Advances in the indexes
for shelter, medical care, and apparel accounted for most of the rise, with
increases in the indexes for new vehicles and household furnishings and
operations also contributing. The indexes for airline fares, used cars and
trucks, and recreation all declined in June.
The all items index increased 1.8 percent over
the last 12 months, an increase from last month's 1.4 percent figure. The index
for all items less food and energy has risen 1.6 percent over the last year, the
smallest 12-month change since June 2011. The energy index has risen 3.2
percent over the span, and the food index has increased 1.4 percent.
Click here for the full report from the Bureau
of Labor Statistics.