Consumer Price Index
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in June on a seasonally adjusted basis the U.S. Bureau of Labor Statistics reported today. For the second consecutive month, increases in the indices for energy and all items less food and energy more than offset a decline in the food index to result in the seasonally adjusted all items increase. The food index fell 0.1 percent, with the food at home index declining 0.3 percent. The energy index rose 1.3 percent, caused mainly by a 3.3-percent increase in the gasoline index; the indices for natural gas and electricity declined.
The all items index rose 1.0 percent for the 12 months ending June. This is the same increase as for the 12 months ending May, but smaller than the 1.7 percent average annual increase over the past 10 years.