US: CPI for all urban consumers rose 0.1% in July on a seasonally adjusted basis

"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 announced on Friday.

Key highlights:

  • Over the last 12 months, the all items index rose 1.7 percent, a slightly larger increase than for the 12 months ending June
  • 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
  • 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

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