Consumer Price Index: Inflation Increased 0.4%

Consumers paid 0.7% more in June 2019 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 rose 0.4 percentage points from the 0.3% measured in May 2019.

This is according to the latest Consumer Price Index, which said, “Between May 2019 and June 2019, the average cost of goods and services in the CPI increased 0.3%. The all-items index was 105.7 in June. This means that the basket of goods and services that cost $100.00 in April 2015 now costs $105.70.

“The Health & Personal Care sector was the largest contributor to the year-over-year change, increasing 3.7%. The average cost of health insurance premiums continues to be a major contributor to the annual increase. In addition, the Food and Tobacco & Liquor sectors also contributed to the rise in the annual rate of inflation, as price shifts in these sectors were 2.5% and 4.5%, respectively.”

The full June 2019 Consumer Price Index follows below [PDF here]:

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