Consumer Prices Rose 1.6% in June
Washington, DC, July 14, 2017-The Consumer Price Index for All Urban Consumers was unchanged in June on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index rose 1.6%.
The energy index declined again in June, falling 1.6%; this offset an increase in the index for all items less food and energy. All the major energy component indexes declined, with the gasoline index falling 2.8%. The food index was unchanged in June, with the index for food at home declining slightly as five of the six major grocery store food group indexes decreased.
The index for all items less food and energy rose 0.1% in June, its third straight such increase. The shelter index continued to rise, and the indexes for medical care, motor vehicle insurance, education, and personal care also increased. The indexes for airline fares, used cars and trucks, wireless telephone services, and new vehicles were among the indexes that declined in June.
The all items index rose 1.6% for the 12 months ending June; this measure has been declining steadily since February, when it was 2.7%. The index for all items less food and energy rose 1.7% for the 12 months ending June, the same increase as for the 12 months ending May. The energy index rose 2.3% over the last year, while the food index increased 0.9%.