The CPI-U decreased 0.2 percent in August on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported. The decline in the all items index was the first since April 2013. Indices for food and shelter rose, but the increases were more than offset by declines in energy indices, especially gasoline. The index for all items less food and energy was unchanged in August.
The all items index increased 1.7 percent over the last 12 months, the smallest 12-month change since March. The index for all items less food and energy also rose 1.7 percent over the last 12 months. The food index has risen 2.7 percent over the span; the energy index has increased 0.4 percent.