June 2015 Consumer Price Index

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The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 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 rose 0.1 percent before seasonal adjustment.

The seasonally adjusted all items increase was broad-based, with advances in the indexes for gasoline, shelter, and food all contributing. The energy index rose for the second straight month as the indexes for gasoline, electricity, and natural gas all increased. The food index posted its largest increase since September 2014, partly due to a sharp increase in the eggs index.

The index for all items less food and energy rose 0.2 percent in June. In addition to the rise in the shelter index, the indexes for recreation, airline fares, personal care, tobacco, and new vehicles were among the indexes that increased in June. These advances more than offset declines in the indexes for medical care, household furnishings and operations, used cars and trucks, and apparel.

The all items index showed a 12-month increase for the first time since December, rising 0.1 percent for the 12 months ending June. Despite rising in May and June, the energy index has still declined 15.0 percent over the past year. However, the indexes for food and for all items less food and energy have both risen 1.8 percent over the past 12 months.

Seasonally adjusted changes from preceding month Un- adjusted 12-mos. Dec. Jan. Feb. Mar. Apr. May June ended 2014 2015 2015 2015 2015 2015 2015 June 2015

Consumer Price Index Data for June 2015

Food

The food index, which was unchanged in April and May, rose 0.3 percent in June. The food at home index rose 0.4 percent after declining in each of the 3 previous months. Over three-fourths of the increase in the food at home index can be attributed to the eggs index, which rose 18.3 percent in June, its largest increase since August 1973. Led by this increase, the index for meats, poultry, fish, and eggs rose 1.4 percent in June, with the beef index rising 0.9 percent. The index for cereal and bakery products increased 0.5 percent, and the indexes for other food at home and for nonalcoholic beverages also rose in June. In contrast, the index for dairy and related products fell for the sixth consecutive month, declining 0.6 percent, and the fruits and vegetables index fell 0.4 percent. The index for food at home has risen 1.0 percent over the last 12 months. The index for meats, poultry, fish, and eggs has increased 3.3 percent over the last year, with the eggs index up 21.8 percent and the index for beef rising 10.9 percent. The indexes for fruits and vegetables and for dairy and related products both declined 2.1 percent over the past year. The index for food away from home rose 0.2 percent in June and has risen 3.0 percent over the past 12 months.

Energy

The energy index rose 1.7 percent in June following a 4.3 percent increase in May. The gasoline index, which rose 10.4 percent in May, increased 3.4 percent in June. (Before seasonal adjustment, gasoline prices rose 2.5 percent in June.) The electricity index advanced 0.2 percent in June after declining in May. The index for natural gas also rose in June; its 0.3-percent advance was its first increase since December. The fuel oil index was the only major energy component index to decline in June, falling 1.9 percent. The electricity index was unchanged over the past 12 months, while the other energy indexes have declined. The fuel oil index has fallen 27.7 percent, gasoline has declined 23.3 percent, and natural gas has decreased 13.0 percent.

All items less food and energy

The index for all items less food and energy increased 0.2 percent in June after rising 0.1 percent in May. The shelter index rose 0.3 percent in June and accounted for over two-thirds of the increase in the index for all items less food and energy. The indexes for rent and owners' equivalent rent both increased 0.4 percent in June. This was the largest increase since August 2013 for rent and since October 2006 for owners' equivalent rent. The index for lodging away from home, in contrast, continued to decline, falling 1.6 percent after a 2.0-percent decline in May. The index for airline fares rose 2.0 percent following a 5.7-percent increase in May. The recreation index rose 0.2 percent in June, its fourth consecutive increase. The index for personal care rose 0.4 percent, and the tobacco index increased 0.8 percent. The new vehicles index increased for the fifth straight month, advancing 0.1 percent. In contrast to these increases, the medical care index fell 0.2 percent in June as the index for hospital services declined 1.1 percent. The index for used cars and trucks fell 0.4 percent and the index for alcoholic beverages decreased 0.2 percent. The indexes for household furnishings and operations and for apparel both declined 0.1 percent.

The index for all items less food and energy has risen 1.8 percent over the past 12 months. The 12-month change has remained in a range of 1.6 percent to 2.0 percent since August 2012. The shelter index has risen 3.0 percent over the last year, with the rent index up 3.5 percent. The medical care index has increased 2.5 percent, with medical care commodities increasing 3.3 percent and medical care services rising 2.3 percent.

Not seasonally adjusted CPI measures

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent over the last 12 months to an index level of 238.638 (1982-84=100). For the month, the index rose 0.4 percent prior to seasonal adjustment.

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) decreased 0.4 percent over the last 12 months to an index level of 233.804 (1982-84=100). For the month, the index rose 0.4 percent prior to seasonal adjustment.

The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) decreased 0.1 percent over the last 12 months. For the month, the index rose 0.4 percent on a not seasonally adjusted basis. Please note that the indexes for the past 10 to 12 months are subject to revision.

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