07.14.2017
On Friday July 14 the Bureau of Labor Statistics (BLS) released its June 2017 report on the Consumer Price Index.
When seasonally-adjusted the Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in June. Over the past 12 months the all-items index rose 1.6%.
The energy index fell by 1.6% in June less than the 2.7% fall seen in May. The gasoline index over the past 12 months fell by 0.4% with gas prices falling 1.7% in June before seasonal adjustment.
The food index which rose in the past five months was unchanged in June. The index for food at home fell 0.1% consistent with the trend over the past twelve months. Most noticeable is the increase in the beef index which rose 2.9%. The index for food away from home rose 2.2% over the past year and was unchanged in June.
The index of all items less food and energy rose 0.1% in June consistent with the trend in April and May. Over the past twelve months the index rose 1.7% with noticeable increases in the shelter and medical care indexes rising 3.3% and 2.7% respectively.
The next release is scheduled for Friday August 11.
The full release is available at the link below:
