Consumer prices up 2.1 percent over the year ended May 2014

June 18, 2014

From May 2013 to May 2014, the Consumer Price Index for All Urban Consumers (CPI-U) increased 2.1 percent.  The increase was the largest 12-month increase since October 2012.

12-month percent change in Consumer Price Index for All Urban Consumers (CPI-U), not seasonally adjusted, October 2012–May 2014
Expenditure categoryOct 2012Nov 2012Dec 2012Jan 2013Feb 2013Mar 2013Apr 2013May 2013Jun 2013Jul 2013Aug 2013Sep 2013Oct 2013Nov 2013Dec 2013Jan 2014Feb 2014Mar 2014Apr 2014May 2014

All items

2.21.81.71.62.01.51.11.41.82.01.51.21.01.21.51.61.11.52.02.1

Food

1.71.81.81.61.61.51.51.41.41.41.41.41.31.21.11.11.41.71.92.5

Food at home

1.01.31.31.11.21.01.00.80.91.01.01.00.80.60.40.50.91.41.72.7

Food away from home

2.72.62.52.32.32.32.32.32.22.12.01.91.92.12.12.02.22.32.22.2

Energy

4.00.30.5-1.02.3-1.6-4.3-1.03.24.7-0.1-3.1-4.8-2.40.52.1-2.50.43.33.3

Energy commodities

8.61.71.5-1.43.1-3.1-8.1-4.22.65.0-2.2-7.0-9.5-5.5-0.80.5-6.8-4.02.72.7

Gasoline (all types)

9.11.91.7-1.53.3-3.1-8.3-4.12.85.2-2.4-7.5-10.1-5.8-1.00.1-8.1-4.72.42.3

Fuel oil

5.62.63.62.02.3-2.4-5.6-5.81.83.40.0-3.1-4.6-4.1-1.82.02.92.13.75.3

Energy services(1)

-3.0-1.7-1.1-0.30.91.12.64.54.04.33.23.73.32.52.44.54.87.84.34.4

Electricity(1)

-1.2-0.7-0.50.50.80.91.11.71.93.12.83.23.02.93.24.43.85.32.13.6

Utility (piped) gas service(1)

-8.4-4.7-2.9-2.51.31.87.614.211.78.84.85.34.41.0-0.14.98.316.411.87.3

All items less food and energy

2.01.91.91.92.01.91.71.71.61.71.81.71.71.71.71.61.61.71.82.0

Commodities less food and energy commodities

0.70.50.30.40.30.0-0.1-0.2-0.2-0.20.0-0.1-0.1-0.2-0.1-0.3-0.4-0.3-0.3-0.2

New vehicles

1.01.41.61.71.11.11.21.11.21.21.11.21.00.60.40.00.30.20.40.5

Used cars and trucks

-2.1-2.3-2.0-1.3-0.20.1-0.6-1.6-2.3-2.1-1.00.41.42.02.01.50.60.10.20.2

Apparel

3.01.81.82.12.40.80.30.20.81.61.80.8-0.2-0.10.6-0.3-0.60.50.60.8

Medical care commodities

3.02.31.71.50.80.60.70.00.1-0.10.00.20.50.80.30.81.71.31.62.5

Services less energy services

2.52.52.52.52.62.52.32.32.32.42.42.42.32.42.32.32.22.32.62.7

Shelter

2.32.22.22.22.32.22.22.32.32.32.42.42.32.42.52.62.62.72.82.9

Transportation services

2.02.22.63.03.13.12.52.62.53.02.52.42.52.61.71.21.41.42.33.1

Medical care services

3.93.73.73.63.93.93.42.92.82.63.13.12.92.62.52.52.42.42.73.0

Footnotes:
(1) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
 

Over the year ended May 2014, the index for food rose 2.5 percent—the largest 12-month increase since June 2012. The food at home index rose 2.7 percent and the index for meats, poultry, fish and eggs rose 7.7 percent. The index for nonalcoholic beverages decreased 0.9 percent, the only major food group index to decline. The index for food away from home rose 2.2 percent.

The energy index rose 3.3 percent over the past 12 months, the same 12-month change as in April. All major energy component indexes increased from May 2013 to May 2014, including electricity (3.6 percent) and gasoline (2.3 percent).

From May 2013 to May 2014, the index for all items less food and energy increased 2.0 percent; the largest increase since February 2013. The 12-month increase in the shelter index reached 2.9 percent in May, its highest level since March 2008. The indexes for airline fares and medical care both increased, 4.7 percent and 2.8 percent, respectively. Indexes that have risen more modestly over the past 12 months include apparel (0.8 percent), new vehicles (0.5 percent), and used cars and trucks (0.2 percent).

These data are from the BLS Consumer Price Index program and are not seasonally adjusted. To learn more, see "Consumer Price Index — May 2014" (HTML) (PDF), news release USDL‑14‑1135.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer prices up 2.1 percent over the year ended May 2014 on the Internet at http://www.bls.gov/opub/ted/2014/ted_20140618.htm (visited October 22, 2014).

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