by Calculated Risk on 7/15/2025 08:30:00 AM
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent on a seasonally adjusted basis in
June, after rising 0.1 percent in May, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months,
the all items index increased 2.7 percent before seasonal adjustment.The index for shelter rose 0.2 percent in June and was the primary factor in the all items monthly increase. The
energy index rose 0.9 percent in June as the gasoline index increased 1.0 percent over the month. The index for
food increased 0.3 percent as the index for food at home rose 0.3 percent and the index for food away from home
rose 0.4 percent in June.The index for all items less food and energy rose 0.2 percent in June, following a 0.1-percent increase in May.
Indexes that increased over the month include household furnishings and operations, medical care, recreation,
apparel, and personal care. The indexes for used cars and trucks, new vehicles, and airline fares were among the
major indexes that decreased in June.The all items index rose 2.7 percent for the 12 months ending June, after rising 2.4 percent over the 12 months
ending May. The all items less food and energy index rose 2.9 percent over the last 12 months. The energy index
decreased 0.8 percent for the 12 months ending June. The food index increased 3.0 percent over the last year.
emphasis added
The change in CPI was close to expectations. I’ll post a graph later today after the Cleveland Fed releases the median and trimmed-mean CPI.