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 October 28, 2016).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.