US CPI Rose 0.3% in June, Gasoline Index Up, USD Increases


   
Maria Eugenia Garcia
DTN Energy Editor

    

    

   HOUSTON, TX (DTN) -- The U.S. Consumer Price Index rose 0.3% in June, after 
increasing 0.1% in May, bringing the annual rate of inflation for the all-items 
index to 2.7%, according to data released this morning by the U.S. Bureau of 
Labor Statistics. The figure matched market expectation of a 0.3% increase.

   BLS reports the energy index rose 0.9% in June as the gasoline index 
increased 1.0% over the month.

   The food index increased 0.3% in June as the index for food at home rose 
0.3% and the index for food away from home rose 0.4% in the reference period.

   The all-items less food and energy index, so-called core inflation, rose 
0.2% in June, above a 0.1% increase recorded in May.

   Categories that increased in June included household furnishings and 
operations, medical care, recreation, apparel, and personal care. Meanwhile, 
the indexes for used cars and trucks, new vehicles, and airline fares were 
among the major indexes that decreased in the month profiled.

   In response to the data, the August NYMEX WTI futures contract remained 
steady at $67.00 bbl. The U.S. dollar index rose by 0.032 points to 97.795 
against a basket of foreign currencies.   




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