BLS Releases April 2017 Consumer Price Index (May 2017)
According to the Bureau of Labor Statistics, the Consumer Price Index for all urban consumers (CPI-U) increased 0.2 percent in April on a seasonally-adjusted basis. Increases in the indexes for shelter, energy, tobacco, and food contributed to the monthly increase. The energy index rose 1.1 percent in April of 2017.
Excluding the volatile costs of food and energy, the index for all items less food and energy rose by 0.1 percent in April, after a decline in March. However, many indexes declined in April including wireless phone services, medical care, motor vehicle insurance, apparel, used cars and trucks, recreation, and new vehicles. The all items index has risen 2.2 percent over the last 12 months ending in April, a larger rise than the 1.7 percent average annual increase over the past 10 years.
The full press release can be found via the link below.
Next release is Wednesday, June 14, 2017 for the May 2017 Consumer Price Index.