Consumer Price Index
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in June on a seasonally adjusted basis, the same increase as in May, the U.S. Bureau of Labor Statistics reported. Increases in the indices for shelter, apparel, and used cars and trucks more than offset declines in energy indices to result in the seasonally adjusted all items monthly increase in June.
The all items index increased 1.6 percent for the 12 months ending in June, a smaller increase than the 1.8 percent rise for the period ending May. The index for all items less food and energy rose 2.1 percent over the last 12 months, and the food index increased 1.9 percent. The energy index, in contrast, declined 3.4 percent over the last 12 months.