Slight fall in US consumer prices in June

The Consumer Price Index for All Urban Consumers (CPI-U) fell a seasonally adjusted 0.1 percent in June after remaining unchanged in May, the U.S. Bureau of Labor Statistics reported today. Over the past 12 months, the index for all items excluding seasonal adjustment increased 3.0 percent. The index for gasoline fell 3.8 percent in June after declining 3.6 percent in May, more than offsetting an increase in shelter costs. The energy index fell 2.0 percent, similar to the previous month.