Consumer Price Index: Inflation Decreased 0.1%

August 29, 2018 | 1 Comment

Consumers paid 1.6% more in June 2018 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI] and the level of inflation decreased 0.1 percentage point from the 1.7% measured in May 2018.

This is according to the latest Consumer Price Index, which said, “Between May 2018 and June 2018, the average cost of goods and services in the CPI decreased 0.1%. The all-items index slipped to 105.0 in June. This means that the basket of goods and services that cost $100.00 in April 2015 now costs $105.00.

“On a year-over-year basis the Health & Personal Care sector was the largest contributor to the twelve-month increase in the CPI. The sector increased 4.1% year-over-year. The Education, Recreation, Entertainment & Reading and Food sectors also contributed to the rise in the annual rate of inflation, as price shifts in these sectors were 2.8% and 1.9%, respectively.”

The full June 2018 Consumer Price Index follows below [PDF here]:

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  1. PANGAEA says:

    Prices are coming down as merchants are getting rid of their dead and some seasonal stock, it costs them money to carry stock , The import duty act need to be turned around and reformed.

    That will not last !

    The big impact will come only if big business , Import duty; Power; Insurance and banking would cut us all some slack.

    Their secret to increased profits is incromental increases while our backs are turned.

    Blind sighted ! Got Ya !

    Now ! what was it again O.1%

    Not enough to feed the cat ?

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