CPI in June 2008
July 17, 2008
On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) advanced 1.1 percent in June, following a 0.6-percent increase in May. The index for energy rose sharply for the second straight month, increasing 6.6 percent in June following a 4.4-percent increase in May.
The increase in the energy index accounted for around two-thirds of the overall increase in the all items index in June. The index for petroleum-based energy advanced 10.0 percent and the index for energy services rose 1.5 percent.
The food index rose 0.8 percent in June after rising 0.3 percent in May. The index for food at home went up 1.0 percent in June, with indexes for four of the six major grocery store food groups sharply accelerating.
The index for all items less food and energy increased 0.3 percent in June, following a 0.1-percent rise in April and a 0.2-percent increase in May. Larger increases in the indexes for shelter and for tobacco and smoking products and an upturn in the apparel index contributed to the larger increase.
Consumer prices advanced at a seasonally adjusted annualized rate (SAAR) of 7.9 percent in the second quarter after increasing at a 3.1 percent rate in the first three months of 2008. This brings the year-to- date annual rate to 5.5 percent and compares with an increase of 4.1 percent in all of 2007.
For the 12 months ended in June 2008, the CPI-U rose 5.0 percent, as shown in the chart.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, CPI in June 2008 on the Internet at http://www.bls.gov/opub/ted/2008/jul/wk2/art04.htm (visited December 03, 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.