Consumer Prices Increased 0.1% in July

The Consumer Price Index grew 0.1% in July on a seasonally adjusted basis, according to U.S. Bureau of Labor Statistics. Over the last 12 months, the all-items index rose 1.7%.

Prices for all items less food and energy, the “core CPI,” increased 0.1% in July, the fourth month in a row it increased that amount. The index rose 1.7% for the 12 months ending in July.

The food index increased 0.2% after remaining flat in June. Prices for food at home and food away from home both grew 0.2%. Over the past 12 months, food prices are up 1.1%.

The energy index fell 0.1% in July, the third consecutive monthly decline. The fuel oil index led the decrease, falling 2.0%. However, the energy index still rose 3.4% in the last twelve months.

Read the BLS release.

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