Consumer Price Index Declines in June

 

One-month percent change in Consumer Price Index for All Urban Consumers (CPI-U), seasonally adjusted, June 2009 to June 2010, percent change.
Courtesy of US Bureau of Labor Statistics

The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in June on a seasonally adjusted basis. Over the last 12 months, the index increased 1.1 percent before seasonal adjustment.

Similarly to April and May, a decline in the energy index caused the seasonally adjusted all items decrease in June. The index for energy decreased 2.9 percent in June, the same decline as in May, with a decline in the gasoline index accounting for most of the decrease.

Lower fuel prices is good news for landscape businesses to operate their equipment and fleet of vehicles. This more than offset an increase in the index for all items less food and energy, while the food index was unchanged for the second month in a row. 

The index for all items less food and energy rose 0.2 percent in June after increasing 0.1 percent in May. A broad array of indexes posted increases, including shelter, apparel, used cars, medical care, tobacco and recreation.

These increases more than offset declines in the indexes for household furnishings and operations and for airline fares. The 12-month change in the index for all items less food and energy remained at 0.9 percent for the third month in a row.

– Courtesy of US Bureau of Labor Statistics