On a seasonally adjusted basis, the Consumer Price Index for all Urban Consumers (CPI-U) rose 0.2 percent in July, the same as in June.
Energy costs, which advanced sharply in the first quarter of 2003 before turning down in the second quarter, increased 0.4 percent in July. Within energy, the index for petroleum-based energy increased 1.5 percent, while the index for energy services decreased 0.5 percent.
The index for food rose 0.1 percent with the index for food at home down 0.1 percent. Decreases in the indexes for nonalcoholic beverages and for other food at home more than offset small-to-moderate increases in the other four major food at home groups.
The index for all items less food and energy, which was unchanged in June, increased 0.2 percent in July. The shelter index, which was virtually unchanged in June, rose 0.3 percent in July, accounting for about 85 percent of the acceleration in the all items less food and energy index.
For the 12-month period ended in July, the CPI-U increased 2.1 percent (as shown in the chart).
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer prices up 0.2 percent in July at https://www.bls.gov/opub/ted/2003/aug/wk3/art01.htm (visited March 04, 2024).