Friday, July 14, 2017

Consumer Prices Unchanged in June

The Consumer Price Index remained flat in June on a seasonally adjusted basis, according to U.S. Bureau of Labor Statistics. Over the last 12 months, the all-items index rose 1.6%. 
Prices for all items less food and energy, the “core CPI,” increased 0.1% in June, the same as in May. The index rose 1.7% for the 12 months ending in June. 

The food index was unchanged after five consecutive monthly increase. Prices for food at home fell 0.1%, while prices for food away from home remained flat. Over the past 12 months, food prices are up 0.9%.

The energy index decreased 1.6% in June, led by the fuel oil index falling 3.7%.

Read the BLS release.
Visit Banks and the Economy.

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