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07/21/2008
General Interest — Quick TakesEnergy price hikes are two thirds of CPI’s 1% June riseThe Consumer Price Index rose 1% in June as its energy component increased sharply for a second consecutive month, the US Department of Labor’s Bureau of Labor Statistics reported July 16.The energy index’s 6.6% increase on a seasonally adjusted basis in June accounted for about two thirds of the overall increase for all items during the month and followed a 4.4% increase in May, it said. “The index for petroleum-based energy advanced 10%, and the index for energy services rose 1.5%,” BLS said. The energy index’s 29.1% increase during 2008’s first 6 months ac...
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