CPI in May 2007
June 18, 2007
On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) advanced 0.7 percent in May, following a 0.4-percent increase in April.
The index for energy increased sharply for the third consecutive month—up 5.4 percent in May. The index for petroleum-based energy rose 9.8 percent while the index for energy services declined 0.2 percent.
The food index rose 0.3 percent in May, slightly less than in April.
The index for all items less food and energy advanced 0.1 percent in May, following a 0.2-percent rise in April. Smaller increases in the indexes for shelter and medical care were responsible for the moderation.
During the first five months of 2007, the CPI-U rose at a 5.5-percent seasonally adjusted annual rate (SAAR). This compares with an increase of 2.5 percent for all of 2006. The acceleration thus far this year was due to larger increases in the energy and food components. The index for energy advanced at a 36.0-percent SAAR in the first five months of 2007 compared with 2.9 percent in 2006.
The food index has increased at a 6.2-percent SAAR thus far this year, following a 2.1-percent rise for all of 2006. Excluding food and energy, the CPI-U advanced at a 2.1-percent SAAR in the first five months, following a 2.6-percent rise for all of 2006.
For the 12 months ended in May 2007, the CPI-U rose 2.7 percent, as shown in the chart.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, CPI in May 2007 on the Internet at https://www.bls.gov/opub/ted/2007/jun/wk3/art01.htm (visited January 18, 2017).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.