Consumer Price Index
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in August on a seasonally adjusted basis the U.S. Bureau of Labor Statistics reported today. Increases in the indices for gasoline and shelter accounted for nearly all of the seasonally adjusted increase in the all items index. The energy index rose 2.8 percent in August as the gasoline index increased 6.3 percent.
The all items index rose 1.9 percent for the 12 months ending August, a larger increase than the 1.7 percent increase for the 12 months ending July. The energy index rose 6.4 percent over the past 12 months, and the food index increased 1.1 percent.