• US Consumer Price Index - July 2017

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    CONSUMER PRICE INDEX JULY 2017

    The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in
    July on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics
    reported today. Over the last 12 months, the all items index rose 1.7 percent.

    The indexes for shelter, medical care, and food all rose in July, leading to
    the seasonally adjusted increase in the all items index. The energy index
    declined slightly in July, with its major component indexes mixed. The index
    for natural gas declined, while the electricity index rose and the gasoline
    index was unchanged. The food index increased 0.2 percent, with the indexes
    for food at home and food away from home both rising.

    The index for all items less food and energy rose 0.1 percent, the fourth
    month in a row it increased by that amount. The indexes for shelter, medical
    care, recreation, apparel, motor vehicle insurance, and airline fares all
    rose in July. These increases more than offset declines in the indexes for
    new vehicles, communication, used cars and trucks, and household furnishings
    and operations.

    The all items index rose 1.7 percent for the 12 months ending July, a
    slightly larger increase than for the 12 months ending June. The index for
    all items less food and energy also rose 1.7 percent for the 12 month period,
    the same increase as for the 12 months ending May and June. The energy index
    rose 3.4 percent over the last year, while the food index increased
    1.1 percent.


    Table A. Percent changes in CPI for All Urban Consumers (CPI-U): U.S. city
    average


    Seasonally adjusted changes from
    preceding month
    Un-
    adjusted
    12-mos.
    Jan. Feb. Mar. Apr. May June July ended
    2017 2017 2017 2017 2017 2017 2017 July
    2017


    All items.................. .6 .1 -.3 .2 -.1 .0 .1 1.7
    Food...................... .1 .2 .3 .2 .2 .0 .2 1.1
    Food at home............. .0 .3 .5 .2 .1 -.1 .2 .3
    Food away from home (1).. .4 .2 .2 .2 .2 .0 .2 2.1
    Energy.................... 4.0 -1.0 -3.2 1.1 -2.7 -1.6 -.1 3.4
    Energy commodities....... 7.6 -2.8 -6.0 1.3 -6.2 -2.7 .0 3.1
    Gasoline (all types).... 7.8 -3.0 -6.2 1.2 -6.4 -2.8 .0 3.0
    Fuel oil (1)............ 3.5 -.4 -.8 -.3 -2.8 -3.7 -2.0 3.6
    Energy services.......... .3 1.0 -.3 .9 .7 -.5 -.2 3.6
    Electricity............. .0 .8 -.1 .6 .3 -.6 .4 2.6
    Utility (piped) gas
    service.............. 1.5 1.5 -.8 2.2 1.9 -.2 -2.3 7.5
    All items less food and
    energy................. .3 .2 -.1 .1 .1 .1 .1 1.7
    Commodities less food and
    energy commodities.... .4 .0 -.3 -.2 -.3 -.1 -.1 -.6
    New vehicles............ .9 -.2 -.3 -.2 -.2 -.3 -.5 -.6
    Used cars and trucks.... -.4 -.6 -.9 -.5 -.2 -.7 -.5 -4.1
    Apparel................. 1.4 .6 -.7 -.3 -.8 -.1 .3 -.4
    Medical care commodities .3 -.2 .2 -.8 .4 .7 1.0 3.7
    Services less energy
    services.............. .3 .3 -.1 .1 .2 .2 .2 2.4
    Shelter................. .2 .3 .1 .3 .2 .2 .1 3.2
    Transportation services .6 .7 .4 -.2 .3 .2 .2 3.2
    Medical care services... .2 .2 .1 .0 -.1 .3 .3 2.3

    1 Not seasonally adjusted.


    Food

    The food index rose 0.2 percent in July after being unchanged in June. The index
    for food at home, which declined in June, rose 0.2 percent in July. Major grocery
    store food group index movements were mixed in July. The index for meats, poultry,
    fish, and eggs rose 0.7 percent following a 0.6-percent rise the prior month, as
    the beef index continued to increase. The index for fruits and vegetables rose
    0.5 percent after declining in June. The index for dairy and related products also
    turned up in July, rising 0.3 percent after a 0.5-percent decrease in June.

    In contrast, the index for cereals and bakery products declined 0.4 percent in
    July, and the index for nonalcoholic beverages fell 0.3 percent. The index for
    other food at home was unchanged in July after falling in May and June.

    The index for food at home rose 0.3 percent over the last 12 months, the first
    12-month increase since the period ending November 2015. Five of the six major
    grocery store food group indexes rose over the last 12 months, though none more than
    1.0 percent. The index for cereals and bakery products was the only group to decline
    over the past year, falling 0.5 percent. The index for food away from home increased
    0.2 percent in July and rose 2.1 percent over the past year.

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