Friday, July 15, 2016

CPI Up 0.2% in June

The Consumer Price Index increased 0.2% in June on a seasonally adjusted basis, along with rises in the indexes for energy and all items less food and energy. Over the last 12 months, the all-items index rose 1.0% before seasonal adjustment.

The energy index increased 1.3% in June, rising for the fourth consecutive month, although major components were mixed. The gasoline and fuel oil indices each rose 3.3%, while the electricity and natural gas indices declined 3.3% and 0.4% respectively.

The food index declined 0.1% after a 0.2% decrease in May. Prices for food at home fell 0.3% in June and have fallen 1.3% over the past year. Prices for food away from home increased 0.2% for the month and 2.6% over the course of the year.

Prices for all items less food and energy increased 0.2% in June, the same as in May. The advance was largely due to a rise in the shelter index, which advanced 0.3% during the month.

Read the BLS release.
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