Economy

mahatmakanejeeves

(57,612 posts) Fri Aug 11, 2017, 01:01 PM Aug 2017

BLS report: CPI for all items rises 0.1% in July; food, shelter, medical care indexes rise

CPI for all items rises 0.1% in July; food, shelter, medical care indexes rise

Economic News Release USDL-17-1100

Transmission of material in this release is embargoed until 8:30 a.m. (EDT) August 11, 2017

Technical information: (202) 691-7000 cpi_info@bls.gov www.bls.gov/cpi
Media Contact: (202) 691-5902 PressOffice@bls.gov

CONSUMER PRICE INDEX – JULY 2017

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in July on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 1.7 percent.

The indexes for shelter, medical care, and food all rose in July, leading to the seasonally adjusted increase in the all items index. The energy index declined slightly in July, with its major component indexes mixed. The index for natural gas declined, while the electricity index rose and the gasoline index was unchanged. The food index increased 0.2 percent, with the indexes for food at home and food away from home both rising.

The index for all items less food and energy rose 0.1 percent, the fourth month in a row it increased by that amount. The indexes for shelter, medical care, recreation, apparel, motor vehicle insurance, and airline fares all rose in July. These increases more than offset declines in the indexes for new vehicles, communication, used cars and trucks, and household furnishings and operations.

The all items index rose 1.7 percent for the 12 months ending July, a slightly larger increase than for the 12 months ending June. The index for all items less food and energy also rose 1.7 percent for the 12 month period, the same increase as for the 12 months ending May and June. The energy index rose 3.4 percent over the last year, while the food index increased 1.1 percent.
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Contact Information

For additional information about the CPI visit www.bls.gov/cpi or contact the CPI Information and Analysis Section at 202-691-7000 or cpi_info@bls.gov.

For additional information on seasonal adjustment in the CPI visit www.bls.gov/cpi/cpisapage.htm or contact the CPI seasonal adjustment section at 202-691-6968 or cpiseas@bls.gov.

Information from this release will be made available to sensory impaired individuals upon request.
Voice phone: 202-691-5200; Federal Relay Service: 1-800-877-8339.

* * * * *

[center]Facilities for Sensory Impaired[/center]

Information from this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200, Federal Relay Services: 1-800-877-8339.

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BLS report: CPI for all items rises 0.1% in July; food, shelter, medical care indexes rise (Original Post) mahatmakanejeeves Aug 2017 OP

Why are car prices in the cpi for social security and drug prices aren't MattP Aug 2017 #1

Consumer Price Index Frequently Asked Questions (FAQs) mahatmakanejeeves Aug 2017 #2

MattP

(3,304 posts)

1. Why are car prices in the cpi for social security and drug prices aren't

Reply to mahatmakanejeeves (Original post)

Fri Aug 11, 2017, 02:03 PM

Aug 2017

Seniors buy alot more prescriptions than cars

mahatmakanejeeves

(57,612 posts)

2. Consumer Price Index Frequently Asked Questions (FAQs)

Reply to MattP (Reply #1)

Fri Aug 11, 2017, 02:17 PM

Aug 2017

There's more than one CPI. I'm looking for an old post about this subject. Here are a few:

July 2015: CPI for all items rises 0.3% in June as gasoline, shelter, food indexes rise

April 2015: CPI for all items rises 0.2% as gasoline and shelter prices rise; food prices decline

Other links:

Consumer Price Index Frequently Asked Questions (FAQs)

CPI For Urban Wage Earners And Clerical Workers

The Bureau of Labor Statistics (BLS) publishes the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) on a monthly basis. We use the CPI-W to annually adjust benefits paid to Social Security beneficiaries and Supplemental Security Income recipients.

Back to the Consumer Price Index Summary:

Technical Note

Brief Explanation of the CPI

The Consumer Price Index (CPI) measures the change in prices paid by consumers for goods and services. The CPI reflects spending patterns for each of two population groups: all urban consumers and urban wage earners and clerical workers. The all urban consumer group represents about 89 percent of the total U.S. population. It is based on the expenditures of almost all residents of urban or metropolitan areas, including professionals, the self-employed, the poor, the unemployed, and retired people, as well as urban wage earners and clerical workers. Not included in the CPI are the spending patterns of people living in rural nonmetropolitan areas, farming families, people in the Armed Forces, and those in institutions, such as prisons and mental hospitals. Consumer inflation for all urban consumers is measured by two indexes, namely, the Consumer Price Index for All Urban Consumers (CPI-U) and the Chained Consumer Price Index for All Urban Consumers (C-CPI-U).

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) is based on the expenditures of households included in the CPI-U definition that meet two requirements: more than one-half of the household's income must come from clerical or wage occupations, and at least one of the household's earners must have been employed for at least 37 weeks during the previous 12 months. The CPI-W population represents about 28 percent of the total U.S. population and is a subset of the CPI-U population.

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