Natural Gas Prices Help Push CPI Up 0.1% for May

The Consumer Price Index increased a seasonally adjusted 0.1% for May, according to a Labor Department report (link opens a PDF) released today.

After falling 0.4% for April on cheaper gasoline, analysts had expected a 0.2% bump for May's report.

Source: Labor Department. 

Cheaper energy prices were mostly responsible for both March's and April's drops, but May's 0.4% gain seems to have leveled out its overall effect. Gasoline prices remained constant, although natural gas utility prices bumped up 2.4%. The natural gas index notched its fourth consecutive increase. According to the report, over the past 12 months energy indexes are mixed, with the index for fuel oil falling 5.8% and the gasoline index down 4.1%, while the natural gas index has risen 14.2% and the electricity index is up 1.7%.

A 0.1% decrease in food prices for May also tempered April's 0.2% rise. Excluding food and energy prices, May's consumer price index clocked in at up 0.2%, on par with analyst predictions. Major movers included a "shelter index" increase of 0.3% (primarily due to higher rent), as well as a 2.2% increase in airline fares.


The article Natural Gas Prices Help Push CPI Up 0.1% for May originally appeared on

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.