from Bureau of Labor Statistics today:
The US Bureau of Labor Statistics reported today that the Consumer Price Index (CPI-U) for consumers in all cities rose by 0.5% on a seasonally adjusted basis in July and 0.9% in June. In the past 12 months, all project indexes have increased by 5.4% before seasonal adjustments.
In July, indicators such as housing, food, energy, and new cars all rose, which drove the monthly increase in seasonally adjusted indicators. The food index rose 0.7% in July, five of the major grocery store food indexes rose, and the outgoing food index rose 0.8%. The energy index rose 1.6% in July, the gasoline index rose 2.4%, and other energy component indexes also rose.
The following are the chain CPI, core CPI and chain CPI, calculated annually:
figure 1: All urban consumers, goods and services (blue), CPI core (green) and chain CPI CPI annualized inflation rate, seasonally adjusted (tan)%. Chained CPI sa adjusted by the author. Source: BLS and author’s calculations.
The title and core CPI data are based on the consensus of Bloomberg.
there are more.
