July 19, 2001
On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2 percent in June, following a 0.4 percent increase in May.
A downturn in the energy index was partially offset by larger increases in the indexes for food and for all items less food and energy. The energy index, which increased 3.1 percent in May, declined 0.9 percent in June.
The food index, which increased 0.3 percent in May, rose 0.4 percent in June. Excluding food and energy, the CPI-U rose 0.3 percent in June, following a 0.1 percent increase in May.
Consumer prices rose at a seasonally adjusted annual rate (SAAR) of 3.7 percent in the second quarter after advancing at a 4.0 percent rate in the first three months of 2001. This brings the year-to-date annual rate to 3.8 percent and compares with an increase of 3.4 percent for all of 2000.
For the 12-month period ended in June 2001, the CPI-U increased 3.2 percent.