Consumer Price Index for All Urban Consumers Increases 0.6% in May, 5.0% Year-Over-Year

The U.S. Bureau of Labor Statistics (BLS) announced on Thursday (6-10-21) the Consumer Price Index for all Urban Consumers (CI-U) increased 0.6% in May, on a seasonally adjusted basis, after rising 0.8% in April. Over the last 12 months, the all items index increased 5.0% before seasonal adjustment. This is the largest 12-month increase since a 5.4% increase for the period ending August 2008. The BLS noted that the index for used cars and trucks continue to sharply rise, increasing 7.3% in May. This increased accounted for over a third of the seasonally-adjusted all-items increase. The index for all items less food and energy rose 0.7% in May, after a 0.9% increase in April. The BLS is reporting that nearly all major component indexes increased in May. For the twelve months ending in May 2021, the all items index rose 5.0%; it has been trending up every month since January, when the twelve-month change was 1.4%. The index for all items less food and energy rose 3.8% over the last 12-months, the largest increase since the period ending June 1992. The energy index rose 28.5% over the last 12-months, while food index increased 2.2%.


FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Original Source:
CONSUMER PRICE INDEX – MAY 2021