CPI in June
July 19, 2004
On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.3 percent in June 2004, following a 0.6-percent increase in May.
Energy costs, which advanced 4.6 percent in May, rose 2.6 percent in June and accounted for two-thirds of the increase in the overall CPI-U. Within energy, the index for petroleum-based energy increased 3.0 percent and the index for energy services rose 2.1 percent.
The index for food, which rose 0.9 percent in May, increased 0.2 percent in June. The index for all items less food and energy, which increased 0.2 percent in May, rose 0.1 percent in June.
Consumer prices increased at a seasonally adjusted annual rate (SAAR) of 4.8 percent in the second quarter after advancing at a 5.1-percent rate in the first three months of 2004. This brings the year-to-date annual rate to 4.9 percent and compares with an increase of 1.9 percent in all of 2003.
The index for energy, which rose 6.9 percent in 2003, accelerated in the first half of 2004 to a 36.0-percent SAAR and accounted for about half of the advance in the overall CPI-U during the first six months of 2004. The food index rose at a 3.2-percent SAAR in the first half of 2004.
The CPI-U excluding food and energy advanced at a 2.3-percent SAAR in the second quarter, following an increase at a 2.9-percent rate in the first three months of 2004. The advance at a 2.6-percent SAAR for the first half of 2004 compares with a 1.1-percent rise in all of 2003.
For the 12-month period ended in June, the CPI-U rose 3.3 percent, as shown in the chart.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, CPI in June on the Internet at https://www.bls.gov/opub/ted/2004/jul/wk3/art01.htm (visited September 19, 2019).
Recent editions of Spotlight on Statistics
- 25 years of Worker Injury, Illness, and Fatality Case Data
Examines detailed historical data on work-related injuries, illnesses, and fatal injuries.
- Occupational employment projections through the perspective of education and training
Examines employment, projected employment growth, and wages for occupations with different education and training requirements.
- Workers in Alternative Employment Arrangements
A look at independent contractors, on-call workers, temporary help agency workers, and workers provided by contract firms.
- Labor force characteristics of people with a disability
Examines the labor force characteristics of people with a disability and compares them with the characteristics of people with no disability.