Consumer prices rise 0.2% in June

The Consumer Price Index advanced at 0.2 percent in June, the U.S. Labor reported. That followed a 0.4 percent rise in May.

The CCI’s value last month of 202.9 points was 4.3 percent above its level in June 2005.

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The energy costs index declined 0.9 percent in June, after racking up gains of 2.4 percent in May, 3.9 percent in April and 1.3 percent in March. The food and beverage index increased 0.3 percent in June, after gaining 0.2 percent in May, 0.6 percent in April and 0.4 percent in March.

The core index, excluding food and energy, rose 0.3 percent in June, the same as in each of the preceding three months; the increase in shelter costs again accounted for more than half that monthly advance.

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For the quarter ending June 30, consumer prices rose at a seasonally-adjusted annual rate of 5.1 percent, up from 4.3 percent in the first quarter of 2006. That brought the year-to-date advance to 4.7 percent, up from the full-year increase of 3.4 percent for 2005.

The full report is available online, from the Bureau of Labor Statistics, at www.bls.gov/cpi/.

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