The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent 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 increased 1.8 percent before seasonal adjustment.
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 turned up 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, with
increases 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
The index for all items less food and energy has risen 1.6 percent over the last year, the smallest 12-month change since June 2011.
The energy index has risen 3.2 percent over the span, and the food index has increased 1.4 percent.
Continue reading for all the details -- Consumer Price Index - June 2013
Original content +Bob DeMarco , All American Investor