Consumer Prices Rise 0.5% in July As Gas, Food, and Shelter Prices Rise

Washington, DC—(ENEWSPF)—August 18, 2011.  The Consumer Price Index for All Urban Consumers (CPI-U) increased  0.5 percent in July on a seasonally adjusted basis, the U.S. Bureau  of Labor Statistics reported today. Over the last 12 months, the all  items index increased 3.6 percent before seasonal adjustment.

The gasoline index rebounded from previous declines and rose sharply  in July, accounting for about half of the seasonally adjusted  increase in the all items index. The food at…