CPI Up 0.2 Percent in June

The Consumer Price Index increased 0.2 percent in June on a seasonally adjusted basis, along with rises in the indexes for energy and all items less food and energy. Over the last 12 months, the all-items index rose 1.0 percent before seasonal adjustment.

The energy index increased 1.3 percent in June, rising for the fourth consecutive month, although major components were mixed. The gasoline and fuel oil indices each rose 3.3 percent, while the electricity and natural gas indices declined 3.3 percent and 0.4 percent respectively.

The food index declined 0.1 percent after a 0.2 percent decrease in May. Prices for food at home fell 0.3 percent in June and have fallen 1.3 percent over the past year. Prices for food away from home increased 0.2 percent for the month and 2.6 percent over the course of the year.

Prices for all items less food and energy increased 0.2 percent in June, the same as in May. The advance was largely due to a rise in the shelter index, which advanced 0.3 percent during the month.

Read the BLS release.

About Tim Nicholson

Tim Nicholson
Tim Nicholson is an economic research associate at ABA.
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