U.S. Annual Inflation Rate up to 1.4% in May
The Consumer Price Index for All Urban Consumers in the United States increased 0.1 percent in May on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported on June 18th. Over the last 12 months, the all items index increased 1.4 percent before seasonal adjustment.
The all items index increased 1.4 percent over the last 12 months, an increase from last month's 1.1 percent figure. The 12-month change in the index for all items less food and energy remained at 1.7 percent. The food index has risen modestly over the last 12 months, advancing 1.4 percent, while the index for energy has declined, falling 1.0 percent.
Month over month, the shelter index rose 0.3 percent and accounted for more than half of the seasonally adjusted all items increase in May. The energy index rose modestly, with the gasoline index flat but increases in the electricity and natural gas indexes accounting for the rise. The food index, however, turned down in May, with the food at home index falling 0.3 percent.
The index for all items less food and energy increased 0.2 percent in May. Besides the shelter increase, advances in the indexes for airline fares, recreation, and apparel also contributed to the rise. In contrast, the indexes for medical care and used cars and trucks declined in May.
6/18/2013 1:39:36 PM