Friday, August 11, 2017

BLS: CPI increased 0.1% in July, Core CPI increased 0.1%

by Bill McBride on 8/11/2017 08:32:00 AM

From the BLS:

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 index for all items less food and energy rose 0.1 percent, the fourth month in a row it increased by that amount. ... 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.
emphasis added
I'll post a graph later today after the Cleveland Fed releases the median and trimmed-mean CPI. This was below the consensus forecast of a 0.2% increase for CPI, and above the forecast of a 0.2% increase in core CPI.