CPI for all items falls 0.4% in June; gasoline down

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The U.S. Bureau of Labor Statistics reported that the CPI-U decreased 0.4 percent on a seasonally adjusted basis in June 2026, after rising 0.5 percent in May, marking the largest 1-month decrease since April 2020, when it fell 0.8 percent. Over the last 12 months, the all items index increased 3.5 percent before seasonal adjustment, while the index for energy fell 5.7 percent in June, driven largely by a 9.7 percent monthly decline in gasoline, and the food index rose 0.2 percent. The index for all items less food and energy was unchanged in June, with the shelter index up 0.1 percent, its smallest 1-month change since January 2021, and decreases noted in motor vehicle insurance, communication, apparel, medical care, and used cars and trucks. The Bureau also reported the CPI-U index level at 333.952 (1982-84=100), the CPI-W up 3.5 percent over 12 months to 327.075, and the C-CPI-U up 3.4 percent over 12 months, with the next CPI news release scheduled for August 12, 2026.

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