July 12, 2023
The U.S. Bureau of Labour Statistics (BLS) reported that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% in June 2023, on a seasonally adjusted basis after rising 0.1% in May. The all-items index rose by 0.2% before seasonal adjustment over the last year. Over the past 12 months, the index for all-items increased by 3,0% before seasonal adjustments were made. For the 12 months ending in June, the energy index rose by 6%, while the food index rose by 4%.
The index for shelter contributed the most to the monthly increase in all-items which accounted for over 70% of the increase. The food index increased 0.1 percent in June after increasing 0.2 percent the previous month. The food at home index remained the same during the month, but the food away from home index increased by 0.4%. In contrast, the energy index lost 0.6% in June as the major energy component indices were mixed.
The index for all-items less food and energy increased by 0.2% in June, since the period ending March 2021, this was the smallest 12-month gain. Over the previous 12 months, the all items index that excludes food and energy increased by 4.8%. For the 12 months ended in June, the energy index fell by 16.7% percent, while the food index rose by 5.7%.
Disclaimer:
Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
