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  • Consumer Price Index for the West Shows Little Change
    by kcsg.com news
    Published - 07/22/14 - 12:02 PM | 0 0 comments | 16 16 recommendations | email to a friend | print
    Consumer Price Index for the West Shows Little Change
    Consumer Price Index for the West Shows Little Change
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    (KANSAN CITY, Mo.) - According to data released today by the U.S. Bureau of Labor Statistics, the Consumer Price Index for All Urban Consumers (CPI-U) in the West Region was little changed, up 0.1 percent, in June. The slight increase was largely influenced by higher prices for shelter (0.2 percent) and electricity (1.9 percent). Partially offsetting the increases, the indexes for food at home (-0.4 percent) and new vehicles (-0.7 percent) had the largest downward impacts.

    Energy costs advanced 0.4 percent in June, but food prices were 0.1 percent lower. The index for all items less food and energy crept up 0.1 percent over the month.

    The CPI-U for the West region rose 2.3 percent from June 2013 to June 2014. Energy costs, which include gasoline and household fuels, advanced 2.9 percent and food prices were up 2.5 percent. Excluding food and energy, the CPI-U increased 2.2 percent over the year.

    Among the regions, the indexes for the Midwest and the South increased 0.5 percent and 0.2 percent, respectively, in June. Prices in the Northeast were unchanged over the month. Over the year, prices were up 1.7 percent in the Midwest and were 1.9 percent higher in the Northeast. The rate of increase in the South matched that of the West at 2.3 percent.

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