Bailout

CPI Increases Slightly, Off 1.3% in Past Year

By Anonymous

U.S. consumer prices increased a seasonally adjusted 0.1% in May as higher gasoline prices were largely offset by falling food prices, the Labor Department reported Wednesday.

It was the first increase in the consumer price index in three months.

The core CPI ... also rose a seasonally adjusted 0.1% in May.

The CPI has fallen 1.3% in the past year, the sharpest decline in prices since April 1950.

Full post as published by Calculated Risk on June 17, 2009 (boomark / email).