08.13.2019
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in July on a seasonally adjusted basis after rising 0.1 percent in June the U.S. Bureau of Labor Statistics reported today. Over the last 12 months the all items index increased 1.8 percent before seasonal adjustment.
Increases in the indexes for gasoline and shelter were the major factors in the seasonally adjusted all items monthly increase. The energy index rose in July as the gasoline and electricity indexes increased though the natural gas index declined. The index for food was unchanged for the second month in a row as a decline in the food at home index was offset by an increase in the food away from home index.
The index for all items less food and energy rose 0.3 in July the same increase as in June. The July rise was broad-based with increases in the indexes for shelter medical care airline fares household furnishings and operations apparel and personal care all contributing to the increase. The index for new vehicles was one of the few to decline in July.
The all items index increased 1.8 percent for the 12 months ending July a larger increase than the 1.6-percent rise for the period ending June. The index for all items less food and energy rose 2.2 percent over the last 12 months slightly more than the 2.1-percent increase for the period ending June. The food index rose 1.8 percent over the last year while the energy index declined 2.0 percent.
The full press release can be found via the link below.
Next release is Thursday September 12 2019 for the August 2019 Consumer Price Index.
