September 28, 2000 (The Editor’s Desk is updated each business day.)

Consumer prices edge down in August

/cpi/cpirev01.htmOn September 28, 2000, the BLS released revised Consumer Price Indexes for January through August 2000. The article on this page contains revised data. For further information see 'Revisions in January to August 2000 CPI Data' available from the Consumer Price Index Homepage.

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.

Percent change from 12 months ago, Consumer Price Index for All Urban Consumers, not seasonally adjusted, August 1991- August 2000
[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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