CONSUMER PRICE INDEX FOR ALL URBAN CONSUMERS UNCHANGED IN JUNE

The Consumer Price Index for All Urban Consumers (CPI-U) in the Midwest was unchanged in June due to mixed movements within the index, the U.S. Bureau of Labor Statistics reported.

According to a news release, higher costs for electricity had the largest upward impact on the index, while lower gasoline prices recorded the largest offsetting movement. Overall, energy costs were down 0.7 percent. Food prices rose 0.2 percent, and the index for all items- less food and energy- was essentially unchanged (0.1 percent) in June.

The CPI-U for the Midwest rose 1.2 percent over the latest 12-month period. Food prices increased 1.5 percent. The energy index, which includes motor and household fuels, declined 3.8 percent. The index for all items- less food and energy- was up 1.7 percent from June 2018 to June 2019.