The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in May on a seasonally adjusted basis. The gasoline index increased sharply, rising 10.4 percent. Other energy indices were mixed, with the fuel oil index rising but the electricity index declining. The food index was unchanged. The index for all items less food and energy rose 0.1 percent. The indices for shelter, airline fares, and medical care increased. The indices for apparel, household furnishings and operations, and used cars and trucks all declined.
The all items index was unchanged for the 12 months ending May after showing a 0.2 percent decline for the 12 months ending April. The energy index fell 16.3 percent, with the gasoline index down 25.0 percent despite rising in May. The food index increased 1.6 percent, and the index for all items less food and energy rose 1.7 percent.