June 2017 Consumer Price Index

Historical release narrative reproduced from the official public-domain source. Statistical tables, standard technical appendices, administrative material and attendance rosters are omitted; formatting is adapted for reading. Figures retain the release's historical context and may have been revised. Consult the linked source for the complete document.

The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged 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 1.6 percent.

The energy index declined again in June, falling 1.6 percent; this offset an increase in the index for all items less food and energy. All the major energy component indexes declined, with the gasoline index falling 2.8 percent. The food index was unchanged in June, with the index for food at home declining slightly as five of the six major grocery store food group indexes decreased.

The index for all items less food and energy rose 0.1 percent in June, its third straight such increase. The shelter index continued to rise, and the indexes for medical care, motor vehicle insurance, education, and personal care also increased. The indexes for airline fares, used cars and trucks, wireless telephone services, and new vehicles were among the indexes that declined in June.

The all items index rose 1.6 percent for the 12 months ending June; this measure has been declining steadily since February, when it was 2.7 percent. The index for all items less food and energy rose 1.7 percent for the 12 months ending June, the same increase as for the 12 months ending May. The energy index rose 2.3 percent over the last year, while the food index increased 0.9 percent.

Seasonally adjusted changes from preceding month Un- adjusted 12-mos. Dec. Jan. Feb. Mar. Apr. May June ended 2016 2017 2017 2017 2017 2017 2017 June 2017

Food

The food index was unchanged in June after rising in each of the five previous months. The index for food at home fell 0.1 percent, as five of the six major grocery store food group indexes declined. The nonalcoholic beverages index fell 0.6 percent, and the index for dairy and related products declined 0.5 percent. The index for other food at home fell 0.3 percent, and the indexes for cereals and bakery products and for fruits and vegetables both fell 0.1 percent.

The index for meats, poultry, fish, and eggs increased 0.6 percent as the index for beef rose 2.9 percent. The index for food away from home was unchanged in June.

The index for food at home declined slightly over the past 12 months, falling 0.1 percent. The indexes for meats, poultry, fish, and eggs, for cereals and bakery products, and for other food at home declined over the last 12 months, while the indexes for nonalcoholic beverages, for fruits and vegetables, and for dairy and related products increased over the 12-month period. The index for food away from home increased 2.2 percent over the past year.

Energy

The energy index decreased 1.6 percent in June after falling 2.7 percent in May. The gasoline index continued to fall, declining 2.8 percent in June after a 6.4-percent decrease in May. (Before seasonal adjustment, gasoline prices decreased 1.7 percent in June.) The other energy component indexes also declined in June; the electricity index fell 0.6 percent, and the index for natural gas declined 0.2 percent.

The gasoline index fell 0.4 percent over the past 12 months, while the other major energy components rose over the span. The index for natural gas increased 12.8 percent over the last year, and the electricity index advanced 2.5 percent.

All items less food and energy

The index for all items less food and energy increased 0.1 percent in June, the same increase as in April and May. The shelter index rose 0.2 percent in June, with the indexes for rent and owners' equivalent rent both rising 0.3 percent. The index for lodging away from home fell 1.9 percent in June after rising in May. The medical care index rose 0.4 percent in June, its largest increase since last August; however, major medical care component indexes were mixed. The index for prescription drugs increased 1.0 percent and the hospital services index rose 0.9 percent, but the index for physicians' services fell 0.4 percent. The index for motor vehicle insurance continued to rise, increasing 1.0 percent in June, and the education index and personal care index both rose 0.3 percent.

Several indexes declined in June, including the index for airline fares, which fell 2.7 percent, the same decline as in May. The index for used cars and trucks fell 0.7 percent, its sixth consecutive decline. The index for wireless telephone services also continued to fall, decreasing 0.8 percent in June. The new vehicles index fell 0.3 percent, and the indexes for household furnishings and operations, recreation, apparel, and tobacco also declined in June.

The index for all items less food and energy rose 1.7 percent over the past 12 months. The shelter index rose 3.3 percent over the year, and the index for medical care rose 2.7 percent. The indexes for used cars and trucks, airline fares, apparel, and household furnishings and operations are among those that declined over the past year.

Not seasonally adjusted CPI measures

The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.6 percent over the last 12 months to an index level of 244.955 (1982-84=100). For the month, the index rose 0.1 percent prior to seasonal adjustment.

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 1.5 percent over the last 12 months to an index level of 238.813 (1982-84=100). For the month, the index increased 0.1 percent prior to seasonal adjustment.

The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 1.5 percent over the last 12 months. For the month, the index rose 0.1 percent on a not seasonally adjusted basis. Please note that the indexes for the past 10 to 12 months are subject to revision.

Consumer Price Index Geographic Revision for 2018

In January 2018, BLS will introduce a new geographic area sample for the Consumer Price Index (CPI). The 2018 revision utilizes the 2010 Decennial Census and incorporates an updated area sample design, changes the frequency of publication for several local area indexes, and establishes some new local area and aggregate indexes. The first indexes using the new structure will be published in February 2018. Additional information on the geographic revision is available at: www.bls.gov/cpi/georevision2018.htm. ----------------------------------------------------------------------------------