July 19, 2000 (The Editor’s Desk is updated each business day.)
Consumer prices rise
0.5 percent in June
On a seasonally
adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U)
rose 0.5 percent in June after increasing 0.1 percent in May. For the
12-month period ended in June, the CPI-U increased 3.7 percent.
[Chart data—TXT]
The energy index, which declined 1.9 percent in May, increased 5.6
percent in June, accounting for three-fourths of the overall CPI-U
advance. The index for petroleum-based energy rose 8.1 percent, and the
index for energy services increased 2.9 percent. The food index, which
advanced 0.5 percent in May, increased 0.1 percent in June. Excluding food
and energy, the CPI-U rose 0.2 percent in June, the same as in both April
and May.
Consumer prices rose at a seasonally adjusted annual rate of 2.6
percent in the second quarter after advancing at a 6.1 percent rate in the
first three months of 2000. This brings the year-to-date annual rate to
4.3 percent and compares with an increase of 2.7 percent for all of 1999.
These data are a product of the BLS Consumer
Price Index program.
Of interest
Spotlight on Statistics: National Hispanic Heritage Month
In this Spotlight, we take a look at the Hispanic labor force—including labor force participation, employment and unemployment, educational attainment, geographic location, country of birth, earnings, consumer expenditures, time use, workplace injuries, and employment projections.
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Read more »