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Friday, July 17, 2015

CPI Increased Broadly in June

The Consumer Price Index increased 0.3 percent in June. The rise was broad-based, with increases in gasoline, shelter and food prices. The index rose 0.1 percent over the last 12 months.
The energy index gained 1.7 percent in June, following a 4.3 percent increase in May. Gasoline prices rose 3.4 percent and natural gas gained 3.4 percent, its first advance since December. Electricity prices rose 0.2 percent after declining in May.

Prices for non-food and non-energy items increased 0.2 percent on the month, after a 0.1 percent May increase. Two-thirds of the increase in this index was due to a 0.3 percent gain in the shelter index, as the index for rent posted the largest increase since August 2013. The medical care and hospital services indexes declined 0.2 and 1.1 percent, respectively. On a yearly basis, the index for non-food and non-energy items rose 1.8 percent.

The food price index rose 0.3 percent in June, after being unchanged for the two previous months. Three-fourths of the increase was due to an 18.3 percent rise in the price of eggs. The indexes for food at home and food away from home rose 1.0 and 3.0 percent, respectively, over the last year.

Read the BLS release.

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