Gas Helps Push Consumer Prices Up 0.5% For June

The Consumer Price Index increased a seasonally adjusted 0.5% for June, according to a Labor Department report (link opens a PDF) released today.

After natural gas prices helped push prices up 0.1% in May, analysts had expected a slightly smaller 0.4% gain.


Source: Labor Department 

Like in May, most of this month's gains originated from energy, but this time, gasoline fueled the increase. The gasoline index jumped a seasonally adjusted 6.3% for June, accounting for around two-thirds of the total change in consumer prices.

Overall energy prices pushed up 3.4%, while food made a more modest 0.2% gain. Excluding these two volatile categories, the Consumer Price Index edged up 0.2%, matching analyst expectations.

Over the last year, the Index has edged up 1.8%, driven largely by an 11.7% jump in natural gas prices. Used cars and trucks have fared the worst, with prices down 2.3%.

The article Gas Helps Push Consumer Prices Up 0.5% For June originally appeared on Fool.com.

You can follow Justin Loiseau on Twitter @TMFJLo and on Motley Fool CAPS @TMFJLo.Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.