Consumer Price Index
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in July on a seasonally adjusted basis the U.S. Bureau of Labor Statistics reported. The indices for shelter, medical care, and food all rose in July, leading to the increase in the all items index. The energy index declined slightly, with its major component indices mixed. These increases more than offset declines in the indices for new vehicles, communication, used cars and trucks, and household furnishings and operations.
The all items index rose 1.7 percent for the 12 months ending July, a slightly larger increase than for the 12 months ending June.