Consumer Price Index eases 0.1% in June
July 16, 2010
by Eric Schroeder
WASHINGTON — The overall Consumer Price Index fell for the third consecutive month, easing 0.1% to 216.9 in June, but remains up 1.1% over the past 12 months, according to the Bureau of Labor Statistics of the Department of Labor. The index for food and beverages, meanwhile, finished virtually unchanged at 219.6.
For the second month in a row, the decline in the overall index reflected decreases in the index for energy, which again fell 2.9%. Within the energy index, the gasoline index again accounted for most of the decrease, according to the B.L.S.
Like the food and beverage index, the index for food held flat during June, finishing at 219.4. Within the food index the meats, poultry, fish and eggs index was again the big mover, advancing 1% after rising 0.4% in May and 1.4% in April. The gain was the sixth consecutive month of increases in the index, the B.L.S. said.
Smaller gains of 0.1% were noted in the dairy and related products index, to 197.9, and the index for food away from home, at 225.8.
The sharpest decline again occurred in the index for fruits and vegetables. After falling 1.1% in May, the index fell 1.3% in June to 274.5. The decline reflected a 3% decline in the index for fresh vegetables.
The indexes for cereals and bakery products fell 0.6% in June to 249.2.
Nonalcoholic beverages fell 0.2% to 160.8, which comes on the heels of an 0.8% decrease in May.
Food at home finished down 0.1% at 215.6.
For the past 12 months the food index has risen 0.2%, with none of the major groups rising or falling more than 2%, the B.L.S. said.