Consumer Prices Rose by 0.6% in June
Washington, DC, July 14, 2020-The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6% in June on a seasonally adjusted basis after falling 0.1% in May, the U.S. Bureau of Labor Statistics reported.
Over the last 12 months, the all items index increased 0.6% before seasonal adjustment.
The gasoline index rose sharply in June after recent declines and accounted for over half of the monthly increase in the seasonally adjusted all items index. The energy index increased 5.1% in June as the gasoline index rose 12.3%.
The food index also rose in June, increasing 0.6% as the index for food at home continued to rise.