BLS Releases May 2018 Consumer Price Index (June 2018)

According to the Bureau of Labor Statistics the Consumer Price Index for all urban consumers (CPI-U) increased 0.2 percent in May of 2018 on a seasonally-adjusted basis.  An increase in the indexes for gasoline and shelter were the main contributor to the monthly increase as they were in April.

Excluding the volatile costs of food and energy the index for all items less food and energy rose by 0.2 percent in May.  The indexes for new vehicles education and communication and tobacco all increased in May.

The all items index has risen 2.8 percent over the last 12 months ending in May a figure which has been trending upward since the beginning of the year.  

The full press release can be found via the link below.

Next release is Thursday July 12 2018 for the June 2018 Consumer Price Index.