CPI down slightly in July
August 18, 2004
On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in July 2004, following a 0.3-percent increase in June.
Energy costs declined 1.9 percent in July after advancing sharply in the first half of the year. Within energy, the index for motor fuels decreased 4.0 percent, while the index for household fuels rose 0.4 percent.
The index for food, which rose 0.2 percent in June, increased 0.3 percent in July. The index for all items less food and energy registered a 0.1-percent increase for the second consecutive month.
During the first seven months of 2004, the CPI-U rose at a 4.1-percent seasonally adjusted annual rate (SAAR). This compares with an increase of 1.9 percent for all of 2003.
The index for energy, which increased 6.9 percent in 2003, increased at a 25.9-percent SAAR in the first seven months of 2004. The food index has increased at a 3.2-percent rate thus far in 2004, following a 3.6-percent rise for all of 2003.
Excluding food and energy, the CPI-U advanced at a 2.4-percent SAAR in the first seven months of 2004 after advancing 1.1 percent in 2003.
For the 12-month period ended in July, the CPI-U rose 3.0 percent, as shown in the chart.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, CPI down slightly in July on the Internet at http://www.bls.gov/opub/ted/2004/aug/wk3/art03.htm (visited July 28, 2015).
Recent editions of Spotlight on Statistics
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.