U.S. Inflation Rate Rises to 3.6% in May


The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in May on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported on June 15. Over the last 12 months, the all items index increased 3.6 percent before seasonal adjustment.

The index for all items less food and energy increased 0.3 percent in  May, its largest increase since July 2008. The indexes for apparel, shelter, new vehicles, and recreation all contributed to the  acceleration, rising more in May than in April. These increases more  than offset declines in the indexes for airline fare, tobacco, and personal care.
 
The food index rose in May as well. The food at home index repeated its April increase of 0.5 percent as four of the six major grocery store food group indexes increased, with the index for meats, poultry, fish, and eggs rising the most. In contrast, the energy index, which had been rising sharply, declined in May. The gasoline index decreased for the first time since last June, although the index for household energy increased.
 
The upward trend among the 12 month increases of major indexes continued in May. The 12 month change in the all items index, which  was 1.1 percent as recently as November, reached 3.6 percent in May. The energy index has increased 21.5 percent over the last 12 months, the food index has risen 3.5 percent and the index for all items less food and energy has increased 1.5 percent. All of these figures have been rising in recent months.


TradingEconomics.com, U.S. Bureau of Labor Statistics
6/15/2011 1:39:41 PM