U.S. June Consumer Price Index Report (Text)
Following is the text of the June consumer prices from the Labor Department.
Consumer Price Index - June 2011
The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.2 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 3.6 percent before seasonal adjustment.
The gasoline index declined sharply in June, falling 6.8 percent. While this decrease was the major factor in the seasonally adjusted decline in the all items index, the index for household energy declined as well. In contrast, the index for all items less food and energy increased 0.3 percent for the second consecutive month. The indexes for shelter, apparel, new vehicles, used cars and trucks, and medical care all continued to rise in June.
The food index increased as well, although the 0.2 percent rise was the smallest of the year. The index for food at home increased 0.2 percent, with major grocery store food groups mixed. The indexes for fruits and vegetables and for meats, poultry, fish, and eggs both declined, and while the other major grocery store food group indexes all increased, none rose more than 0.6 percent.
The 12 month change in the all items index remained at 3.6 percent. The change in the index for all items less food and energy edged up to 1.6 percent, its highest level since January 2010. The food index has increased 3.7 percent over the last 12 months while the energy index rose 20.1 percent.
The food index rose 0.2 percent in June after rising 0.4 percent in each of the prior two months. The index for meats, poultry, fish, and eggs turned down in June, falling 0.4 percent after increasing more than one percent in each of the previous four months. The fruits and vegetables index declined for the third month in a row in June, falling 0.3 percent as the fresh vegetables index continued to decline. In contrast, other major grocery store food groups increased. The index for cereals and bakery products rose 0.6 percent in June, and the dairy and related products advanced 0.5 percent, as did the index for other food at home. The index for nonalcoholic beverages increased 0.3 percent as the coffee index continued to rise. The index for food at home has risen 4.7 percent over the last 12 months, with all the major groups increasing 3.2 percent or more. The index for food away from home rose 0.3 percent in June after rising 0.2 percent in May.
The energy index, which fell 1.0 percent in May, declined 4.4 percent in June, the largest decline since December 2008. The gasoline index, which fell 2.0 percent in May, declined 6.8 percent in June. (Before seasonal adjustment, gasoline prices fell 5.8 percent in June.) Despite the recent declines, the gasoline index has increased 35.6 percent over the past 12 months. The index for household energy also decreased in June, falling 1.2 percent after rising 0.5 percent in May. The index for natural gas rose 0.4 percent, but the electricity index declined 1.6 percent and the index for fuel oil fell 2.2 percent. The household energy index has risen 2.8 percent over the last 12 months, with the fuel oil index up 37.3 percent and the electricity index up 1.5 percent but the index for natural gas down 0.8 percent.
All items less food and energy
The index for all items less food and energy rose 0.3 percent in June, the same increase as in May. The shelter index also repeated its May increase of 0.2 percent, with the index for lodging away from home again rising significantly. The rent index rose 0.1 percent and the index for owners' equivalent rent increased 0.2 percent. The apparel index continued to rise sharply, increasing 1.4 percent in June after a 1.2 percent increase in May. Vehicle indexes also continued to rise; the new vehicles index rose 0.6 percent in June, while the index for used cars and trucks increased 1.6 percent. The medical care index rose 0.2 percent, the same increase as in May, with medical care services rising 0.3 percent but medical care commodities declining 0.1 percent. The tobacco index rose 0.4 percent in June after declining in April and May. In contrast, the index for airline fares declined 3.0 percent in June, and the recreation index turned down, declining 0.1 percent after rising in May.
The index for all items less food and energy increased 1.6 percent over the last 12 months. This figure has been steadily rising and most of the increase has come within the past six months. The shelter index has risen 1.2 percent over the last 12 months, the medical care index has risen 2.9 percent, and the index for new vehicles has increased 4.0 percent.
Not seasonally adjusted CPI measures
The Consumer Price Index for All Urban Consumers (CPI-U) increased 3.6 percent over the last 12 months to an index level of 225.722 (1982-84=100). For the month, the index declined 0.1 percent prior to seasonal adjustment.
The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 4.1 percent over the last 12 months to an index level of 222.522 (1982-84=100). For the month, the index declined 0.2 percent prior to seasonal adjustment.
The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 3.4 percent over the last 12 months. For the month, the index decreased 0.1 percent on a not seasonally adjusted basis. Please note that the indexes for the post-2009 period are subject to revision.
The Consumer Price Index for July 2011 is scheduled to be released on Thursday, August 18, 2011, at 8:30 a.m. (EDT).
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