What is the current U.S. inflation rate? Visit the Bureau of Labor Statistics We

Question

What is the current U.S. inflation rate? Visit the Bureau of Labor Statistics Web Site,www.bls.gov/news.release/cpi.toc.htm, and select "Consumer Price Index Summary."
Now answer the following questions:

What month (and year) is summarized?

What was the CPI-U index number for "All Items" for the most current month? (Look in Table 1 by scrolling down to the bottom.)?

What was the rate of inflation (change in the Seasonally adjusted percentage change CPI-U) for the month? That is the change from the previous month. (Look in Summary or Table 1.)

How does that rate of inflation compare with the rate for the previous month?
Which two categories of goods or services had the greatest price increases for the month? Use the Seasonally adjusted percentage change CPI-U

Which two had the largest price decreases for the month? Seasonally adjusted percentage change CPI-U

Explanation / Answer

a. The CPI of May ,2018 is summarised.

b. The CPI-U index number for All items for the most current month is 2.8 per cent seasonally unadjusted.

c. The change in the seasonally adjusted CPI-U for the current month as compared to the previous moneth is 0.2 per cent.

d. The rate of inflation has increased as compared to April 2018.

e. The index for gasoline and and shelter were the largest factors in the seasonally adjusted increase in all items index.

f. The largest price decline was seen in case of fuel oil and used cars and trucks.

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