Consumer Price Index Rises in August

 

The 12-month percent change in CPI for All Urban Consumers (CPI-U), not seasonally adjusted, from Aug. 2008 to Aug. 2009. Courtesy of Bureau of Labor Statistics

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On a seasonally adjusted basis, the Consumer Price Index for all urban Consumers (CPI-U) rose 0.4 percent in August, the Bureau of Labor Statistics reported today. The index has decreased 1.5 percent over the last 12 months on a not seasonally adjusted basis.

The 0.4 percent seasonally adjusted increase in the CPI-U was driven  by a 9.1 percent rise in the gasoline index. This increase accounted for almost the entire advance in the energy index and over 80 percent of the overall increase. Despite the August increase, the gasoline index has fallen 30.0 percent over the last 12 months.

- Courtesy of Bureau of Labor Statistics