Consumer Price Index
The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.1 percent in May on a seasonally adjusted basis the U.S. Bureau of Labor Statistics reported today. A decrease in the energy index of 2.7 percent was the main contributor to the monthly decrease in the all items index, led by a decline of 6.4 percent in the gasoline index. The food index rose 0.2 percent.
The all items index rose 1.9 percent for the 12 months ending May, a smaller increase than the 2.2-percent rise for the 12 months ending April. The index for all items less food and energy rose 1.7 percent over the previous 12 months, while the food index increased 0.9 percent.