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Consumer Prices Rise

A key measure of consumer inflation — The Consumer Price Index for All Urban Consumers…

  • August 28, 2020

A key measure of consumer inflation — The Consumer Price Index for All Urban Consumers (CPI-U) -increased 0.6 percent in July on a seasonally adjusted basis, the same increase as in June, the U.S. Bureau of Labor Statistics reports.

Over the last 12 months, the all items index increased 1.0 percent before seasonal adjustment.

The gasoline index continued to rise in July after increasing sharply in June and accounted for about one quarter of the monthly increase in the seasonally adjusted all items index. The energy index increased 2.5 percent in July as the gasoline index rose 5.6 percent.

This was partially offset by the food index, which decreased 0.4 percent in July, with the index for food at home declining 1.1 percent.

The index for all items less food and energy rose 0.6 percent in July, its largest increase since January 1991.

The index for motor vehicle insurance increased sharply in July, as it did the previous month. The indexes for shelter, communication, used cars and trucks, and medical care also increased in July, while the index for recreation declined.