September 20, 2007
On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in August, the first decline since a 0.4-percent decrease in October 2006.
The index for energy declined for the third consecutive month, down 3.2 percent in August. The index for petroleum-based energy decreased 4.6 percent. The index for energy services fell 1.3 percent, resulting from a 4.2-percent decline in the index for natural gas.
The food index rose 0.4 percent in August. The index for food at home also rose 0.4 percent, reflecting another large increase in the index for dairy products.
The index for all items less food and energy advanced 0.2 percent in August, the same as in July.
For the 12 months ended in August 2007, the CPI-U rose 2.0 percent, as shown in the chart.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, CPI in August 2007 at https://www.bls.gov/opub/ted/2007/sept/wk3/art04.htm (visited August 14, 2022).