Consumer costs increase in May

The Consumer Price Index increased 1.0% in May on a seasonally changed basis, according to the U.S. Bureau of Labor Statistics. Over the last 12 months, the all products index increased 8.6%.

Prices for all products less food and energy, the “core CPI,” increased 0.6% in May, the exact same boost as in April.

The food index increased 1.2% in May, after increasing 0.9% in April. The index for food in your home increased 1.4% over the month, after increasing 1.0% in April. In May, the boost was credited to an increase in all 6 significant supermarket food group indexes. Notably, the index for dairy and associated items increased 2.9%, its biggest month-to-month boost given that July 2007. The food far from house index increased, increasing 0.7%. The food index increased 10.1% over the last 12 months.

The energy index increased 3.9% in May after falling 2.7% in April.

Read the BLS release.


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