Consumer Prices Rise, But Just Barely

WASHINGTON (June 18, 2013)--Consumer prices rose slightly in May as higher energy costs were partly offset by cheaper food and the small increase underscores that inflation is mild, the U.S. Labor Department said Tuesday.

The Labor Department said the consumer price index ticked up a seasonally adjusted 0.1 percent last month, only the second increase in seven months.

Consumer prices fell 0.4 percent in April, the largest decline in four years.

In the past 12 months, prices have increased 1.4 percent.

Higher natural gas and electricity costs pushed up energy prices 0.4 percent while gas prices were flat.

Food costs fell 0.1 percent, as grocery prices dropped by the most in almost four years.

Outside of the volatile food and gas categories, core prices rose 0.2 percent in May and 1.7 percent in the past 12 months.

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