Consumer Price Index climbs 0.9% in June
July 15, 2009
by Eric Schroeder
WASHINGTON — The overall Consumer Price Index climbed 0.9% in June to 215.7, according to the Bureau of Labor Statistics of the Department of Labor. Meanwhile, the index for food and beverages rose 0.1%, climbing to 218.1 from 217.9. The increase in the food and beverage index marked the first time in seven months the index finished higher over the previous month.
On a seasonally adjusted basis, the C.P.I. increased 0.7% in June after rising 0.1% in May. The energy index followed up a 0.2% increase in May by rising 7.4% in June. A decline in the electricity index partly offset a sharp increase in gasoline, the B.L.S. said.
The food at home index, which had declined six months in a row, was unchanged in June.
Among major grocery store food groups, the index for fruits and vegetables had the largest increase, rising 1.1% to 276.1. The gain followed a sharp decline of 1% in May.
Mostly offsetting the strong gain was a decline of 0.9% in the index for dairy and related products. It was the seventh consecutive decrease for the index.
Most of the other groups within the food at home category were relatively stable.
The index for meats, poultry, fish and eggs, which fell 0.9% in May, eased 0.2% in June to 204.4.
The cereal and bakery products index was unchanged at 251.6, while food at home also held steady at 214.9.
The index for nonalcoholic beverages rose 0.1% to 163, while other food at home was flat at 190.6.
The other two components of the food and beverage index — food away from home and alcoholic beverages — rose 0.1% and 0.2%, respectively, the B.L.S. said.