Area Prices Were Up 0.2 Percent Over the Past Month...Up 1.3 Percent From a Year Ago
(KANSAS CITY, MO) - Prices in the West Region, as measured by the Consumer Price Index for all urban consumers crept up 0.2 percent in May according to the U.S. Bureau of Labor Statistics. Regional Commissioner Stanley W. Suchman noted that the May increase was influenced by higher prices for electricity and shelter.
Over the last 12 months, the Consumer Price Index advanced 1.3 percent. This marks the 18th consecutive month in which consumer prices rose by less than 3.0 percent on an annual basis in the West. Energy prices declined 2.7 percent, largely the result of a decrease in the price of gasoline. The index for all items less food and energy advanced 1.7 percent over the past year.