Consumer prices unchanged in May
June 18, 2003
On a seasonally adjusted basis, the Consumer Price Index for all Urban Consumers (CPI-U) was unchanged in May, following a 0.3-percent decline in April.
Energy costs, which rose sharply in each of the first three months of the year, declined sharply for the second consecutive month—down 3.1 percent in May. Within energy, the index for petroleum-based energy declined 6.7 percent, while the index for energy services increased 0.5 percent.
The index for food rose 0.3 percent, following a 0.1-percent decrease in April. The index for food at home increased 0.4 percent, largely reflecting an upturn in the index for fruits and vegetables. The index for all items less food and energy, which was unchanged in March and April, increased 0.3 percent in May. Most of the increase was accounted for by shelter costs, which rose 0.6 percent in May after a 0.1-percent increase in April.
For the 12-month period ended in May, the CPI-U rose 2.1 percent.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer prices unchanged in May on the Internet at http://www.bls.gov/opub/ted/2003/jun/wk3/art03.htm (visited May 26, 2016).
Recent editions of Spotlight on Statistics
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.
- A look at pay at the top, the bottom, and in between
The Spotlight examines how earnings and wages have changed over time and how they differ within a geographic area, industry, or occupation.