CPI Climbs in June for Workers

( Categories : Economy )
Shopper The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 1.1 percent in June, the Bureau of Labor Statistics reports. The June level was 5.6 percent higher than in June 2007.

On a seasonally adjusted basis, the CPI for all urban consumers advanced 1.1 percent in June, following a 0.6 percent increase in May. The index for energy rose sharply for the second straight month, increasing 6.6 percent in June following a 4.4 percent increase in May. The increase in the energy index accounted for around two-thirds of the overall increase in the all items index in June.

The CPI-W for Pacific Cities (including Honolulu) averaged 5.4 percent in June, a 1.1 percent increase over May.