U.S. Annual Inflation Unchanged at 1.7% in June

The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in June on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported on July 17th. Over the last 12 months, the all items index increased 1.7 percent before seasonal adjustment.

The energy index continued to fall in June, but its decline was offset by increases in the indexes for food and all items less food and energy. The energy index fell 1.4 percent as the gasoline index declined for the third month in a row; other energy indexes were mixed. The food index rose 0.2 percent after being unchanged last month as the index for food at home turned up in June.
The index for all items less food and energy rose 0.2 percent in June, the fourth consecutive such increase. The shelter index posted its smallest increase since September, the index for used cars and trucks was unchanged after a series of increases, and the index for airline fares declined. However, the index for medical care posted its largest increase since 2010 and the indexes for apparel and recreation both rose substantially in June.
The 12-month change in the index for all items was 1.7 percent in June, the same figure as in May. The energy index declined 3.9 percent over the last 12 months, while the food index rose 2.7 percent. The index for all items less food and energy rose 2.2  percent for the 12 months ending June, a slight decline from the 2.3 percent figure in May.

TradingEconomics.com, U.S. Bureau of Labor Statistics
7/17/2012 1:39:14 PM