Connect With PPD
Follow Us:
Economy

Consumer Price Index (CPI) Posts Near Weakest 4-Month Stretch in 60 Years

Consumer Price Index (CPI) Graphic

The Consumer Price Index (CPI) has seen one of the weakest 4-month periods in 60 years of data released by the Labor Department. Overall, consumer prices were unchanged in June and the so-called core index, which excludes food and energy, rose by just 0.1%.

The shelter index rose 0.2% in June, with the indexes for rent and owners’ equivalent rent both rising 0.3%. The index for lodging away from home fell 1.9%.

But the drag was largely due to the energy index, which fell 1.6% in June after declining 2.7% in May. The gasoline index also continued to fall, shedding 2.8% in June after a 6.4% decrease in May.

The other energy component indexes also declined in June, including a 0.6% decline in the electricity index and 0.2% decline in the index for natural gas. The gasoline index fell 0.4% over the past 12 months, while the other major energy components have gained over the same time period.

The index for natural gas increased 12.8% over the last year, and the electricity index gained 2.5%.

READ FULL STORY

SubscribeSign In
PPD Business Staff

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

Share
Published by
PPD Business Staff

Recent Posts

Media’s Worst Russian Collusion Sins May Soon Be Repeated

The most damning journalistic sin committed by the media during the era of Russia collusion…

1 year ago

Study: Mask-Mandates and Use Not Associated With Lower Covid-19 Case Growth

The first ecological study finds mask mandates were not effective at slowing the spread of…

3 years ago

Barnes and Baris on Big Tech’s Arbitrary Social Media Bans

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…

4 years ago

Barnes and Baris on Why America First Stands With Israel

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…

4 years ago

Personal Income Fell Significantly in February, Consumer Spending Weaker than Expected

Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…

4 years ago

Study: Infection, Vaccination Protects Against Covid-19 Variants

Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…

4 years ago

This website uses cookies.