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Consumer prices up 2.1 percent over the year ended June 2014

July 23, 2014

From June 2013 to June 2014, the Consumer Price Index for All Urban Consumers (CPI-U) increased 2.1 percent.  The increase was the same as the increase reported for the May 2013–May 2014 period.
12-month percent change in CPI for All Urban Consumers (CPI-U), not seasonally adjusted, June 2013–June 2014
Expenditure categoryJun 2013Jul 2013Aug 2013Sep 2013Oct 2013Nov 2013Dec 2013Jan 2014Feb 2014Mar 2014Apr 2014May 2014Jun 2014

All items

1.82.01.51.21.01.21.51.61.11.52.02.12.1

Food

1.41.41.41.41.31.21.11.11.41.71.92.52.3

Food at home

0.91.01.01.00.80.60.40.50.91.41.72.72.4

Food away from home

2.22.12.01.91.92.12.12.02.22.32.22.22.2

Energy

3.24.7-0.1-3.1-4.8-2.40.52.1-2.50.43.33.33.2

Energy commodities

2.65.0-2.2-7.0-9.5-5.5-0.80.5-6.8-4.02.72.72.3

Gasoline (all types)

2.85.2-2.4-7.5-10.1-5.8-1.00.1-8.1-4.72.42.32.0

Fuel oil

1.83.40.0-3.1-4.6-4.1-1.82.02.92.13.75.34.0

Energy services(1)

4.04.33.23.73.32.52.44.54.87.84.34.44.4

Electricity(1)

1.93.12.83.23.02.93.24.43.85.32.13.64.2

Utility (piped) gas service(1)

11.78.84.85.34.41.0-0.14.98.316.411.87.35.1

All items less food and energy

1.61.71.81.71.71.71.71.61.61.71.82.01.9

Commodities less food and energy commodities

-0.2-0.20.0-0.1-0.1-0.2-0.1-0.3-0.4-0.3-0.3-0.2-0.2

New vehicles

1.21.21.11.21.00.60.40.00.30.20.40.50.0

Used cars and trucks

-2.3-2.1-1.00.41.42.02.01.50.60.10.20.20.1

Apparel

0.81.61.80.8-0.2-0.10.6-0.3-0.60.50.60.80.9

Medical care commodities

0.1-0.10.00.20.50.80.30.81.71.31.62.52.8

Services less energy services

2.32.42.42.42.32.42.32.32.22.32.62.72.7

Shelter

2.32.32.42.42.32.42.52.62.62.72.82.92.8

Transportation services

2.53.02.52.42.52.61.71.21.41.42.33.13.2

Medical care services

2.82.63.13.12.92.62.52.52.42.42.73.02.6

Footnotes:
(1) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
 

From June 2013 to June 2014, the index for food at home increased 2.4 percent, with the index for meats, poultry, fish, and eggs up 7.5 percent, but the indexes for nonalcoholic beverages and for cereals and bakery products both declining. The index for food away from home rose 2.2 percent over the past 12 months.

The energy index increased 3.2 percent over the past 12 months, with its major components increasing from a low of 2.0 percent (gasoline) to a high of 5.1 percent (natural gas).

For the year ending in June 2014, the index for all items less food and energy rose 1.9 percent—slightly lower than the 2.0-percent increase in May, but higher than the 1.7-percent average annualized increase over the past 5 years. The shelter index increased 2.8 percent, while the medical care index increased 2.6 percent. The index for new vehicles was unchanged.

These data are from the BLS Consumer Price Index program and are not seasonally adjusted. To learn more, see "Consumer Price Index — June 2014" (HTML) (PDF), news release USDL‑14‑1345.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer prices up 2.1 percent over the year ended June 2014 at https://www.bls.gov/opub/ted/2014/ted_20140723.htm (visited October 31, 2024).

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