May CPI Unchanged; Core Rate Increases

Vadum, Matthew
June 2003
Bond Buyer;6/18/2003, Vol. 344 Issue 31659, p2
Trade Publication
Despite declines in energy prices, the index of consumer prices was unchanged in May, 2003, while the core rate rose 0.3 percent, according to data released by the U.S. Labor Department on June 17, 2003. The May core rate, which excludes food and energy prices, follows no change in April. Before adjustment for inflation, all consumer prices are up 2.1 percent since June 2002, the Labor Department said. Electricity prices rose 1.5 percent while prices for fuel oil, natural gas, and gasoline, fell 6.3 percent, 1.6 percent, and 6.8 percent respectively.


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