The Consumer Price Index was unchanged in June on a seasonally adjusted basis, the U.S. Department of Labor reported today. Over the last 12 months, the all items index rose 1.6%. The energy index declined again in June, falling 1.6%; this offset an increase in the index for all items less food and energy. All the major energy component indexes declined, with the gasoline index falling 2.8%.
The all items index rose 1.6% for the 12 months ending June; this measure has been declining steadily since February, when it was 2.7%.