Tuesday, August 16, 2016

CPI Unchanged in July

The Consumer Price Index was unchanged in July on a seasonally adjusted basis. The index for all items less food and energy rose, but posted its smallest increase since March. Over the last 12 months, the all-items index rose 0.8% before seasonal adjustment.

The energy index fell 1.6% in July after rising in the four previous months. The decline was due to a 4.7% fall in the gasoline index; other energy indexes were mixed.

The food index was unchanged after falling 0.1% in June. Prices for food at home fell 0.2%, while prices for food away from home increased 0.2%. Over the past year, the food index has increased 0.2%.

Prices for all items less food and energy increased 0.1% in July, down from a 0.2% June increase. The index rose 2.2% over the past 12 months ending in July, a slightly smaller increase than the 2.3% rise for the 12 months ending in June.

Read the BLS release.
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