Consumer prices rose in May in the Midwest
06/18/2013 10:41 AM
06/18/2013 10:42 AM
The U.S. Department of Labor said the Midwest consumer price index rose 0.5 percent in May. largely because of a 5.3 percent jump in motor fuel prices. The energy index, which includes motor fuel and household fuels, leaped 4.1 percent in May.
Meanwhile, Midwest food prices declined 0.2 percent, and the index for all items excluding energy and food changed little.
Over the last 12 months, the Midwest inflation rate was 1.8 percent. Energy costs rose 3.7 percent, and food was 1.1 percent, the bureau said.
Nationally, the consumer price index was up 0.1 percent after falling 0.4 percent in April, the Labor Department reported Tuesday
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