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Jul.16

9:11 AM ET

Wednesday, 16 Jul 2008

CPI: Where Costs are Rising

Posted By:Ariel Nelson

Topics:Federal Reserve | Ben Bernanke | Dow Jones Industrial Average | Economy (U.S.) | Stock Market

Companies:Freddie Mac | Washington Mutual Inc | Fannie Mae | Wells Fargo and Co | Intel Corp

Today's Consumer Price Index (CPI) data follows yesterday's disappointing PPI. The 1.1% rise in the month of June is the biggest one month rise since September 2005 and the biggest year over year increase since 1991. Excluding volatile food and energy prices, the CPI rose 0.3%.

Here is a break down of where costs are rising the most.

All items: 1.1% for the month, 5% Year over Year

Core CPI (Ex Food and Energy): .3% for the month, 2.4% Year over Year
Food: .8% for the month, 5.3% Year over Year
Energy: 6.6% for the month, 24.4% Year over Year
Housing: .5% for the month, 3.5% Year over Year
Apparel: .1% for the month, -.2% Year over Year
Transportation: 3.8% for the month, 11.4% Year over Year
Medical Care: .2% for the month, 4.0% Year over Year
Recreation: .2% for the month, 1.3% Year over Year
Education: .5% for the month, 3.4% Year over Year

Today, eyes will look back to Fed Chairman Bernanke who will continue his semi-annual testimony. In the premarkets, the disappointing economic data was offset by good earnings from Intel [INTC Loading... () ] and Wells Fargo [WFC Loading... () ].