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Consumer Prices Continue to Rise

Consumer Prices Continue to Rise

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Published by Becket Adams
Consumer Prices Continue to Rise
Consumer Prices Continue to Rise

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Published by: Becket Adams on Jul 16, 2013
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07/29/2013

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Transmission of material in this release is embargoed until
USDL-13-1342
 8:30 a.m. (EDT) Tuesday, July 16, 2013
Technical information: (202) 691-7000 • Reed.Steve@bls.gov • www.bls.gov/cpiMedia Contact: (202) 691-5902 PressOffice@bls.gov
C
ONSUMER 
P
RICE
I
NDEX
– J
UNE
2013
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent in June on aseasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months,the all items index increased 1.8 percent before seasonal adjustment.The gasoline index rose sharply in June and accounted for about two thirds of the seasonally adjusted allitems change. Other energy indexes were mixed, with the electricity index rising, but the indexes for natural gas and fuel oil declining. The food index increased in June as the index for food at home turnedup after declining in May.The index for all items less food and energy increased 0.2 percent in June, the same increase as in May.Advances in the indexes for shelter, medical care, and apparel accounted for most of the rise, withincreases in the indexes for new vehicles and household furnishings and operations also contributing.The indexes for airline fares, used cars and trucks, and recreation all declined in June.The all items index increased 1.8 percent over the last 12 months,
an increase from last month’s 1.
4 percent figure. The index for all items less food and energy has risen 1.6 percent over the last year, thesmallest 12-month change since June 2011. The energy index has risen 3.2 percent over the span, andthe food index has increased 1.4 percent.
-0.4-0.20.00.20.40.60.8Jun'12JulAugSepOctNovDecJanFebMarAprMayJun'13
Chart 1. One-month percent change in CPI for All Urban Consumers (CPI-U), seasonally adjusted, June 2012 - June 2013
Percent change0.10.00.5 0.50.2-0.20.0 0.00.7-0.2-0.40.10.5
 
 - 2 -
Chart 2. 12-month percent change in CPI for All Urban Consumers (CPI-U), not seasonally adjusted, June 2012 - June 2013
Percent change All itemsAll items less food and energy1.01.21.41.61.82.02.2Jun'12JulAugSepOctNovDecJanFebMarAprMayJun'13
 
 - 3 -
Consumer Price Index Data for June 2013Food
The food index increased 0.2 percent in June after declining 0.1 percent in May. The food at homeindex, which fell 0.3 percent in May, increased 0.2 percent in June. Four of the six major grocery storefood group indexes posted increases. The indexes for cereals and bakery products and for meats, poultry,fish, and eggs both increased 0.4 percent. The indexes for nonalcoholic beverages and for other food athome each increased 0.2 percent in June after declining in May. In contrast to these increases, theindexes for fruits and vegetables and for dairy and related products both declined slightly in June, falling0.1 percent. Over the last 12 months, the index for food at home has risen 0.9 percent, with all the major food group indexes increasing except nonalcoholic beverages, which declined 0.9 percent. The index for food away from home rose 0.2 percent in June, the same increase as in May, and has increased 2.2 percent over the last 12 months.
Energy
The energy index rose 3.4 percent in June after increasing 0.4 percent in May. The gasoline index,which was unchanged in May, rose 6.3 percent in June and accounted for almost all of the energyincrease. (Before seasonal adjustment, gasoline prices rose 0.6 percent in June.) The electricity indexalso increased in June, rising 0.2 percent. However, the fuel oil index fell 0.5 percent, its fourthconsecutive decline, and the index for natural gas decreased 0.4 percent, ending a streak of four consecutive increases. All the major energy component indexes have increased over the past 12 months.The index for natural gas rose 11.7 percent while the gasoline index increased 2.8 percent. The indexesfor electricity and fuel oil rose more modestly, increasing 1.9 percent and 1.8 percent, respectively.
All items less food and energy
The index for all items less food and energy increased 0.2 percent in June. The shelter index, which rose0.3 percent in May, increased 0.2 percent in June. The indexes for rent and ow
ners’ equivalent rent both
increased 0.2 percent. The index for medical care, which declined in May, increased 0.4 percent in June,its largest increase since last July. The index for medical care commodities, which declined 0.5 percentin May, rose 0.5 percent in June as the prescription drug index turned up. The index for medical careservices rose 0.4 percent in June after being unchanged in May. The apparel index increased 0.9 percentin June, its largest increase since August 2011. The index for new vehicles, unchanged in May, rose 0.3 percent in June. The indexes for household furnishings and operations, personal care, and tobacco alsoincreased in June. In contrast to these increases, the index for airline fares declined in June, falling 1.7 percent after rising 2.2 percent in May. The index for used cars and trucks fell for the second month in arow, declining 0.4 percent. The recreation index also declined, falling 0.1 percent.The index for all items less food and energy increased 1.6 percent for the 12 months ending June. Theshelter index increased 2.3 percent over that span, the index for medical care rose 2.1 percent, and thenew vehicles index rose 1.2 percent. The index for used cars and trucks was one of the few to declineover the last 12 months, falling 2.3 percent.

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