Bob Richardson

July 2017 CPI Highlights

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in July 2017 on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 1.7 percent while the food index increased 1.1 percent over the same period. The indexes for shelter, medical care, and food all rose in July, leading to the seasonally adjusted increase in the all items index.


The food index rose 0.2 percent in July after being unchanged in June. The index for food at home, which declined in June, rose 0.2 percent in July. Major grocery store food group index movements were mixed in July. The index for meats, poultry, fish, and eggs rose 0.7 percent following a 0.6-percent rise the prior month, as the beef index continued to increase. The index for fruits and vegetables rose
0.5 percent after declining in June. The index for dairy and related products also turned up in July, rising 0.3 percent after a 0.5-percent decrease in June.

In contrast, the index for cereals and bakery products declined 0.4 percent in July, and the index for nonalcoholic beverages fell 0.3 percent. The index for other food at home was unchanged in July after falling in May and June. The index for food at home rose 0.3 percent over the last 12 months, the first 12-month increase since the period ending November 2015. Five of the six major grocery store food group indexes rose over the last 12 months, though none more than 1.0 percent. The index for cereals and bakery products was the only group to decline over the past year, falling 0.5 percent. The index for food away from home increased 0.2 percent in July and rose 2.1 percent over the past year.

CPI Inflation Rates for Selected CPI Categories Through 7/17