The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in
May on a seasonally adjusted basis after falling 0.8 percent in April, the U.S.
Bureau of Labor Statistics reported today. Over the last 12 months, the all items
index increased 0.1 percent before seasonal adjustment.
Declines in the indexes for motor vehicle insurance, energy, and apparel more than
offset increases in food and shelter indexes to result in the monthly decrease in
the seasonally adjusted all items index. The gasoline index declined 3.5 percent
in May, leading to a 1.8-percent decline in the energy index. The food index, in
contrast, increased 0.7 percent in May as the index for food at home rose 1.0
percent.