US Annual Inflation Rate Slows to 1.5% in August


In August of 2013, U.S. Consumer Price Index for All Urban Consumers (CPI-U) increased 1.5 percent over the last 12 months, from 2 percent recorded in July. For the month, on a seasonally adjusted basis the index increased 0.1 percent.

The all items index increased 1.5 percent over the last 12 months. The index for all items less food and energy has risen 1.8 percent over the last year; the 12-month change has remained in the range of 1.6 percent to 2.3 percent since June of 2011. The food index rose 1.4 percent over the last 12 months, a figure that has held steady since May. The energy index declined 0.1 percent over the last 12 months.

The food index rose slightly in August, with the fruits and vegetable index rising 1.2 percent and four of the six major grocery store group indexes increasing. The energy index declined 0.3 percent, due mostly to a sharp decline in the index for natural gas. The gasoline and electricity indexes also declined slightly, while the index for fuel oil rose.

Increases in the indexes for shelter and medical care contributed to the increase in the seasonally adjusted all items index; they also accounted for most of the 0.1 percent increase in the index for all items less food and energy. Within all items less food and energy, the indexes for personal care, tobacco, and apparel rose as well, while the indexes for airline fares, household furnishings and operations, and used cars and trucks declined.


US Annual Inflation Rate Slows to 1.5% in August


U.S. Bureau of Labor Statistics | Joana Taborda | joana.taborda@tradingeconomics.com
9/17/2013 1:43:14 PM