September 28, 2000 (The Editor’s Desk is updated each business day.)
Consumer prices edge down in August
On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in August after increasing 0.2 percent in July. For the 12-month period ended in August, the CPI-U increased 3.4 percent.
[Chart data—TXT]
The energy index, which rose 0.1 percent in July, fell 2.9 percent in
August. The indexes for petroleum-based energy and for energy services
declined 5.5 and 0.2 percent, respectively.
The food index rose 0.2 percent in August. The index for food at home
increased 0.3 percent after advancing 0.7 percent in July, with each of
the major food at home groups except fruits and vegetables contributing to
the deceleration. Excluding food and energy, the CPI-U rose 0.2 percent in
August, the same as in each of the previous four months.
During the first eight months of 2000, the CPI-U rose at a 3.5 percent
seasonally adjusted annual rate. This compares with an increase of 2.7
percent for all of 1999.
These data are a product of the BLS Consumer
Price Index program.
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