U.S. Consumer Price Index for All Urban Consumers (CPI-U)
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in May on a seasonally adjusted basis the U.S. Bureau of Labor Statistics reports. The food index declined, but the indices for energy and all items less food and energy rose, resulting in the all items increase.
The all items index rose 1.0 percent for the 12 months ending May, compared to a 1.1-percent increase for the 12 months ending April. The energy index has declined 10.1 percent over the past 12 months, with all major components falling over the span.