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CPI Details: Where the costs are rising

The Consumer Price Index, a measure of the average price level of a basket of consumer goods and services, was unchanged for the month of July from June, while the core CPI rate, excluding energy and food, rose 0.1%. On a year-over-year basis, consumer prices were down 2.1%, marking their sharpest decline since 1950.


Here is a breakdown of the inflation benchmark to show you where costs are rising most. According to the Labor Department, a 28.1% drop in the index from its July 2008 peak has offset an increase of 1.5% for all items excluding food and energy in the past twelve months.

  • CPI: Unch. 0.0%
    • Ex Food & Energy: Up +.1%
    • Food: Up -.25%
    • Energy: Up -.35%
  • Housing: Down -.17%
  • Apparel: Up + .57%
  • Transportation: Up +0.19%
  • Medical Care: Up +.17%
  • Recreation: Up +.02%
  • Education & Communication: Up +.30%
  • Other Goods & Svcs: Up +.77%

The change in core CPI figures show that at least for now, inflation is not an issue. Following the news, the futures are pointing down this morning. In the pre-markets, 3M Company , Boeing , Cisco Systems , Intel , and Wal Mart Stores are weighing on the Dow.

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