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US Consumer Price Index - June 2017
The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in June on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 1.6 percent. The energy index declined again in June, falling 1.6 percent; this offset an increase in the index for all items less food and energy. All the major energy component indexes declined, with the gasoline index falling 2.8 percent. The food index was unchanged in June, with the index for food at home declining slightly as five of the six major grocery store food group indexes decreased. The index ... (full story)
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Little Change in U.S. Consumer Prices Shows Modest Inflation
Little change in the U.S. cost of living in June signals inflation may take even longer to reach the Federal Reserve’s goal, a Labor Department report showed Friday. Highlights of Consumer Price Index (June) • The consumer-price index was unchanged (forecast was for 0.1% rise) following a 0.1% decline the prior month • From a year earlier, prices were up 1.6% (forecast was 1.7%), the smallest advance since October, after a 1.9% gain • Excluding food and energy, the so-called core CPI rose 0.1% for a third straight month (forecast was 0.2%); it was up 1.7% from June 2016 • Smaller advance in core prices ... (full story)
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