BLS Releases May 2017 Consumer Price Index (June 2017)
According to the Bureau of Labor Statistics, the Consumer Price Index for all urban consumers (CPI-U) decreased 0.1 percent in May on a seasonally-adjusted basis. A decrease in the energy index was the main contributor to the monthly decrease, as the energy index fell 2.7 percent, led by a 6.4 percent decrease in the gasoline index.
Excluding the volatile costs of food and energy, the index for all items less food and energy rose by 0.1 percent in May, as it did in April. However, many indexes declined in May including those for apparel, airline fares, communication, and medical care services.
The all items index has risen 1.9 percent over the last 12 months ending in May, a smaller rise than the 2.2 percent average rise for the 12 months ending in April. However, it is still a larger rise than the 1.6 percent average annual increase over the past 10 years.
The full press release can be found via the link below.
Next release is Friday, July 14, 2017 for the June 2017 Consumer Price Index.