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Inflation · ORIGINAL ECONOMIC RELEASE

June 2011 Consumer Price Index

The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.2 percent in June on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.6…

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The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.2 percent in June on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.6 percent before seasonal adjustment.

The gasoline index declined sharply in June, falling 6.8 percent. While this decrease was the major factor in the seasonally adjusted decline in the all items index, the index for household energy declined as well. In contrast, the index for all items less food and energy increased 0.3 percent for the second consecutive month. The indexes for shelter, apparel, new vehicles, used cars and trucks, and medical care all continued to rise in June.

The food index increased as well, although the 0.2 percent rise was the smallest of the year. The index for food at home increased 0.2 percent, with major grocery store food groups mixed. The indexes for fruits and vegetables and for meats, poultry, fish, and eggs both declined, and while the other major grocery store food group indexes all increased, none rose more than 0.6 percent.

The 12 month change in the all items index remained at 3.6 percent. The change in the index for all items less food and energy edged up to 1.6 percent, its highest level since January 2010. The food index has increased 3.7 percent over the last 12 months while the energy index rose 20.1 percent.

Seasonally adjusted changes from preceding month Un- adjusted 12-mos. Dec. Jan. Feb. Mar. Apr. May June ended 2010 2011 2011 2011 2011 2011 2011 June 2011

Consumer Price Index Data for June 2011

Food

The food index rose 0.2 percent in June after rising 0.4 percent in each of the prior two months. The index for meats, poultry, fish, and eggs turned down in June, falling 0.4 percent after increasing more than one percent in each of the previous four months. The fruits and vegetables index declined for the third month in a row in June, falling 0.3 percent as the fresh vegetables index continued to decline. In contrast, other major grocery store food groups increased. The index for cereals and bakery products rose 0.6 percent in June, and the dairy and related products advanced 0.5 percent, as did the index for other food at home. The index for nonalcoholic beverages increased 0.3 percent as the coffee index continued to rise. The index for food at home has risen 4.7 percent over the last 12 months, with all the major groups increasing 3.2 percent or more. The index for food away from home rose 0.3 percent in June after rising 0.2 percent in May.

Energy

The energy index, which fell 1.0 percent in May, declined 4.4 percent in June, the largest decline since December 2008. The gasoline index, which fell 2.0 percent in May, declined 6.8 percent in June. (Before seasonal adjustment, gasoline prices fell 5.8 percent in June.) Despite the recent declines, the gasoline index has increased 35.6 percent over the past 12 months. The index for household energy also decreased in June, falling 1.2 percent after rising 0.5 percent in May. The index for natural gas rose 0.4 percent, but the electricity index declined 1.6 percent and the index for fuel oil fell 2.2 percent. The household energy index has risen 2.8 percent over the last 12 months, with the fuel oil index up 37.3 percent and the electricity index up 1.5 percent but the index for natural gas down 0.8 percent.

All items less food and energy

The index for all items less food and energy rose 0.3 percent in June, the same increase as in May. The shelter index also repeated its May increase of 0.2 percent, with the index for lodging away from home again rising significantly. The rent index rose 0.1 percent and the index for owners' equivalent rent increased 0.2 percent. The apparel index continued to rise sharply, increasing 1.4 percent in June after a 1.2 percent increase in May. Vehicle indexes also continued to rise; the new vehicles index rose 0.6 percent in June, while the index for used cars and trucks increased 1.6 percent. The medical care index rose 0.2 percent, the same increase as in May, with medical care services rising 0.3 percent but medical care commodities declining 0.1 percent. The tobacco index rose 0.4 percent in June after declining in April and May. In contrast, the index for airline fares declined 3.0 percent in June, and the recreation index turned down, declining 0.1 percent after rising in May.

The index for all items less food and energy increased 1.6 percent over the last 12 months. This figure has been steadily rising and most of the increase has come within the past six months. The shelter index has risen 1.2 percent over the last 12 months, the medical care index has risen 2.9 percent, and the index for new vehicles has increased 4.0 percent.

Not seasonally adjusted CPI measures

The Consumer Price Index for All Urban Consumers (CPI-U) increased 3.6 percent over the last 12 months to an index level of 225.722 (1982-84=100). For the month, the index declined 0.1 percent prior to seasonal adjustment.

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 4.1 percent over the last 12 months to an index level of 222.522 (1982-84=100). For the month, the index declined 0.2 percent prior to seasonal adjustment.

The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 3.4 percent over the last 12 months. For the month, the index decreased 0.1 percent on a not seasonally adjusted basis. Please note that the indexes for the post-2009 period are subject to revision.

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Source: U.S. Bureau of Labor Statistics · Original release Jul 15, 2011.

Archived Nov 11, 2026. Source reuse policy. Formatting has been adapted for reading; the source’s conclusions remain attributed to its publisher.

MortgageRates.news analysis · Historical context

The mortgage market around this release

This original analysis is separate from the source article. It compares observed benchmarks around ; historical averages and yields are not current mortgage offers.

Read consumer inflation on a consistent basis

The Consumer Price Index measures changes in prices paid by urban consumers for a basket of goods and services. Check the index, reference month and seasonal adjustment before comparing figures. A monthly change and a twelve-month change describe different periods; the all-items index and the measure excluding food and energy cover different baskets. Consumer inflation informs the wider policy discussion, but the benchmark comparison below does not isolate this release from other information arriving during the month. BLS Consumer Price Index.

Nearest published observation on or before each target date
Benchmark30 days earlierJun 15, 2011Publication referenceJul 15, 201130 days laterAug 14, 2011
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®4.49%Observed 4.51%Observed +2 bps vs. earlier reference4.32%Observed −19 bps vs. publication reference
10-year TreasuryDaily par yieldU.S. Department of the TreasuryUnavailableBefore available coverage, which starts Jan 4, 2016.UnavailableBefore available coverage, which starts Jan 4, 2016.UnavailableBefore available coverage, which starts Jan 4, 2016.

Calendar references, not an intraday reaction. A same-day market observation may have been published after a morning release. These figures do not show what was known at its exact publication time. One basis point (bp) is 0.01 percentage point; changes use the actual dated observations shown.

Six months around publication

Apr 15, 2011 – Oct 15, 2011
Historical mortgage and Treasury observations around Jul 15, 2011Each dot is a published observation. No missing values are estimated. The dashed vertical line marks the article’s publication calendar date. Rates and yields are percentages.3.50%4.25%5.00%Publication date30-year fixed mortgage: 4.80% · Apr 21, 201130-year fixed mortgage: 4.78% · Apr 28, 201130-year fixed mortgage: 4.71% · May 5, 201130-year fixed mortgage: 4.63% · May 12, 201130-year fixed mortgage: 4.61% · May 19, 201130-year fixed mortgage: 4.60% · May 26, 201130-year fixed mortgage: 4.55% · Jun 2, 201130-year fixed mortgage: 4.49% · Jun 9, 201130-year fixed mortgage: 4.50% · Jun 16, 201130-year fixed mortgage: 4.50% · Jun 23, 201130-year fixed mortgage: 4.51% · Jun 30, 201130-year fixed mortgage: 4.60% · Jul 7, 201130-year fixed mortgage: 4.51% · Jul 14, 201130-year fixed mortgage: 4.52% · Jul 21, 201130-year fixed mortgage: 4.55% · Jul 28, 201130-year fixed mortgage: 4.39% · Aug 4, 201130-year fixed mortgage: 4.32% · Aug 11, 201130-year fixed mortgage: 4.15% · Aug 18, 201130-year fixed mortgage: 4.22% · Aug 25, 201130-year fixed mortgage: 4.22% · Sep 1, 201130-year fixed mortgage: 4.12% · Sep 8, 201130-year fixed mortgage: 4.09% · Sep 15, 201130-year fixed mortgage: 4.09% · Sep 22, 201130-year fixed mortgage: 4.01% · Sep 29, 201130-year fixed mortgage: 3.94% · Oct 6, 201130-year fixed mortgage: 4.12% · Oct 13, 2011Apr 15, 2011Jul 15, 2011Oct 15, 2011
30-year fixed mortgage26 observations
Dots show published observations only. Missing dates remain blank, with no interpolation. The series have different publication schedules and measure different markets.

What that benchmark difference would mean for a $300,000 loan

At the publication reference$1,521.84/month

4.51% · Jul 14, 2011

At the later reference$1,488.14/month

4.32% · Aug 11, 2011

The illustrative principal-and-interest payment is $33.70 lower per month. This holds the loan amount and term constant to show the arithmetic effect of the benchmark difference.

Assumptions: two separate hypothetical $300,000 loans, each fully amortizing over 30 years with 360 monthly payments and its stated fixed interest rate. Excludes points, lender fees, taxes, insurance, association charges and other costs. PMMS is a national average, not an APR or a personalized rate offer. These are not two payments on one existing loan.

Sources, historical coverage and calculation limits

The 30-day comparisons use calendar days. Each cell selects the last published observation on or before its target; no rates are synthesized for missing dates. Gaps greater than seven days for daily Treasury data or fourteen days for weekly mortgage data are marked unavailable. Forward comparisons require the date to have arrived and source coverage to extend through it.

Historical files may contain revisions and do not reconstruct precisely what every market participant knew at the time. Freddie Mac changed its PMMS collection methodology in November 2022. Cross-period comparisons should account for that change. These windows include other news and cannot establish causation or forecast the next rate move.

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