March 29, 2017

Energy Causes Increase of Price Index

The price index for all consumer goods increased .3% during July – the most the price index has increased since last August when it climbed .4%, according to the consumer price index report released today from the Department of Labor.

Rises in the cost of energy are responsible for over two-thirds of the increase.  The average price of energy increased 2.6% in July.  Since July of 2009, energy prices have increased 5.2%, as the chart below shows.  Additionally, gasoline prices jumped higher than any other consumer good in July with an increase of 4.6%.

The costs of energy caused the price index to increase the most since last August.

Trackbacks

  1. Energy Causes Increase of Price Index – Left and Right News:…

    I found your entry interesting so I’ve added a Trackback to it on my weblog :)…

Speak Your Mind