Jul 15, 201109:40 AMBlog

Consumer Price Index drops 0.2 percent

Jul 15, 2011 - 09:40 AM
The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.2 percent in June on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, this index has increased 3.6 percent before seasonal adjustment.

Excluding food and energy, the edged up to 1.6 percent, its highest level since January 2010. The food index has increased 3.7 percent over the last 12 months while the energy index rose 20.1 percent. In June, the gasoline index declined sharply, falling 6.8 percent.
While this decrease was the major factor in the seasonally adjusted decline in the all items index, the index for household energy declined as well.

The indexes for shelter, apparel, new vehicles, used cars and trucks, and medical care all continued to rise in June.

The food index increased as well, although the 0.2 percent rise was the smallest of the year. The index for food at home increased 0.2 percent, with major grocery store food groups mixed. The indexes for fruits and vegetables and for meats, poultry, fish, and eggs both declined, and while the other major grocery store food group indexes all increased, none rose more than 0.6 percent.
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