Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Consumer Prices Up 0.5 Percent In June

WASHINGTON (UPI) — Consumer prices remained docile in June, but climbed faster than expected the U.S. Bureau of Labor Statistics said Tuesday.

Prices have climbed 0.5 percent in June from May, gaining faster than the 0.3 percent rate predicted by economists. Over 12 months, the consumer price index rose 1.8 percent, up from 1.4 percent in May and above the 1.5 percent forecast.

Core prices, which excludes energy and food items, gained 1.6 percent over the past 12 months.

As the figures suggest, fuel prices are the heaviest contributor to the gains. In June, the gasoline index made up about two thirds of the seasonally adjusted inflation rate overall, the bureau said.

The rest of the energy sector was mixed with natural gas and fuel oil declining.

Food prices also turned higher in June after sliding in May

From May to June core prices rose 0.2 percent, consistent with May’s advance. Indexes for shelter, medical care and apparel pushed core prices higher in June, as did price changes for new vehicles and household furnishings.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Consumer Prices Up 0.5 Percent In June”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.