Consumer Price Index
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in July on a seasonally adjusted basis after rising 0.1 percent in June the U.S. Bureau of Labor Statistics reported today. Increases in the indices for gasoline and shelter were the major factors in the increase. The energy index rose in July as the gasoline and electricity indices increased, though the natural gas index declined.
The all items index increased 1.8 percent for the 12 months ending July. The food index rose 1.8 percent over the last year while the energy index declined 2.0 percent.