CPI in May 2008
June 16, 2008
On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) advanced 0.6 percent in May 2008, following a 0.2-percent increase in April.
The index for energy, which was virtually unchanged in April, increased 4.4 percent in May. The index for petroleum-based energy advanced 5.8 percent and the index for energy services rose 2.3 percent.
The food index rose 0.3 percent in May. The index for food at home, which advanced 1.5 percent in April, also increased 0.3 percent, as five of the six major grocery store food groups registered substantial deceleration.
The index for all items less food and energy advanced 0.2 percent in May, following a 0.1-percent rise in April. Upturns in the indexes for lodging away from home, for public transportation, and for household furnishings and operations more than offset a downturn in the index for apparel.
For the 12 months ended in May 2008, the CPI-U rose 4.2 percent, as shown in the chart.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, CPI in May 2008 on the Internet at http://www.bls.gov/opub/ted/2008/jun/wk3/art01.htm (visited May 30, 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.