Consumer prices inch up in August
September 19, 2001
On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in August, following a 0.3-percent decline in July.
The energy index declined for the third consecutive month—down 1.9-percent in August, following a 5.6-percent drop in July. In August, the index for petroleum-based energy declined 2.4 percent and the index for energy services fell 1.4 percent. The food index, which increased 0.3 percent in July, rose 0.2 percent in August. Excluding food and energy, the CPI-U rose 0.2 percent, the same as in July.
For the 12-month period ended in August 2001, the CPI-U increased 2.7 percent.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer prices inch up in August on the Internet at https://www.bls.gov/opub/ted/2001/sept/wk3/art03.htm (visited February 24, 2020).
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