Consumer Price Index for All Urban Consumers up 0.4% Over Month, 2.1% Up Y/Y

The U.S. Bureau of Labor Statistics has recently released the data for the Consumer Price Index for All Urban Consumers (CPI-U). The CPI-U, went up by a monthly 0.4% in May on a seasonally adjusted basis. Over the last year, before seasonal adjustment, the index appreciated by 2.1%.

Source: U.S. Bureau of Labor Statistics

The increase in the main, all items index, was influenced by the increases in the indexes for shelter, electricity, food, airline fares and gasoline, among others. The Bureau of Labor Statistics added that the food index had the highest increase since August 2011, with the index for food at home appreciating by 0.7%. Electricity and Gasoline indexes increases also caused a 0.9% appreciation in the energy index.

Among the indexes, the index for food gained 0.5% in May, after declining by 0.4% in each of the previous three months, the statement of the Bureau of Labor Statistics added. The index for all times, without taking into account the food and energy went up by 0.3% in May, after posting a 0.2% decline in April.

Source: U.S. Bureau of Labor Statistics

At the same time, the record gains have been posted by the index for all items less food and energy appreciated by 2.0% over the last year, which is highest number since February 2013. The index for shelter and the index for airline fares gained 2.9% and 4.7% in the last 12 months, with the index for shelter posting a record figure since March 2008.

The Chained Consumer Price Index for All Urban Consumers added 2.0% over the last year, while for the month, the index appreciated by 0.3% on a not seasonally adjusted data, the statement also said.