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 https://www.bls.gov/opub/ted/2004/aug/wk3/art03.htm (visited January 24, 2018).
Recent editions of Spotlight on Statistics
Industry on Tap: Breweries
A look at employment, wages, and job safety in breweries and producer prices for beer.
Differences in Parents’ Time Use between the Summer and the School Year
A look at how parents of school-age children spend their time in the summer and the school year.
Hispanics in the United States: Celebrating National Hispanic Heritage Month
A look at employment, earnings, consumer spending, time use, and workplace injuries and illnesses for the Hispanic or Latino U.S. population.
Expenditures on Admissions to the Arts, Movies, Sporting Events, and Other Entertainment
A look at consumer spending and attendance at arts, sports, and entertainment events.