Consumer prices in July
August 21, 2002
On a seasonally adjusted basis, the Consumer Price Index for all Urban Consumers (CPI-U) increased 0.1 percent in July, the same as in June.
The indexes for food and for energy each turned up in July, increasing 0.2 and 0.4 percent, respectively. The index for food at home—up 0.1 percent—recorded its first advance since March.
Within energy, an increase of 1.2 percent in the index for petroleum-based energy was partially offset by a 0.4-percent decline in the index for energy services. Excluding food and energy, the CPI-U rose 0.2 percent after increasing 0.1 percent in June. An upturn in the index for communication, coupled with larger increases in the indexes for medical care and for shelter, more than offset a deceleration in the index for tobacco and smoking products.
With the release of the July 2002 CPI, BLS introduced a new measure of consumer prices, the Chained Consumer Price Index for All Urban Consumers (C-CPI-U). In addition to the index for July 2002, monthly data for the C-CPI-U also have been issued for the period from December 1999 through June 2002. For more information, see "Note on a New, Supplemental Index of Consumer Price Change."
The July CPI-U level of 180.1 was 1.5 percent higher than its level in July 2001.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer prices in July on the Internet at http://www.bls.gov/opub/ted/2002/aug/wk3/art01.htm (visited October 26, 2014).
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