The Consumer Price Index edged up 0.2% in July on a seasonally adjusted annual basis, after declining 0.1% in June, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 2.9% before seasonal adjustment.
The index for all items less food and energy, the “core CPI”, rose 0.2% in July, after edging up 0.1% in the prior month.
The index for shelter increased 0.4% in July. The shelter index increased 0.4% in the previous two months, as well.
The food index rose 0.2% in July, as it did in June. The food at home index rose 0.1% in July, as it did in June. Three of the six major grocery store good group indexes increased over the month. The index for meats, poultry, fish and eggs increased 0.7%, after increasing 0.2% in June. The index for other food at home fell 0.5% in July, while the index for fruits and vegetables rose 0.8%.
The energy index was unchanged in July, after decreasing 2.0% in June. The gasoline index was also unchanged, following a 3.8% decrease in June. The fuel oil index increased 0.9% in July, following a 2.4% decrease in June. The index for electricity increased 0.1% over the month while the index for natural gas fell by 0.7%. The energy index increased 1.1% over the past 12 months. The gasoline index fell 2.2% over this 12-month span while the index for fuel oil fell 0.3%.
Read the BLS release.
