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Wednesday, June 17, 2009

CPI Increases Slightly, Off 1.3% in Past Year

by Calculated Risk on 6/17/2009 08:34:00 AM

From Rex Nutting at MarketWatch: Consumer prices inch 0.1% higher in May

U.S. consumer prices increased a seasonally adjusted 0.1% in May as higher gasoline prices were largely offset by falling food prices, the Labor Department reported Wednesday.

It was the first increase in the consumer price index in three months.

The core CPI ... also rose a seasonally adjusted 0.1% in May.

The CPI has fallen 1.3% in the past year, the sharpest decline in prices since April 1950.