Tuesday, June 18, 2013

Consumer Prices Rose 0.1% in May

Consumer prices rebounded in May, posting a 0.1% gain which partially offset the previous month’s fall. Rising energy prices and gains in the shelter index contributed to the gain. Prices are now 1.4% above year ago levels. Core CPI remained stable, increasing 0.2% from the previous month and matched the previous month’s year over year gain, at 1.7%.

The shelter index rose 0.3%, accounting for more than half of May’s increase. May’s gain was also driven by the energy index, which grew 0.4%.

Food prices declined 0.1%, following modest increases since the beginning of this year. The 0.3% drop in the food at home index was its steepest in almost four years.

Read the BLS report.

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