For Current And Historical This Release Is Embargoed — 1996-07-16

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent before seasonal adjustment in June to a level of 156.7 (1982- 84=100), the Bureau of Labor Statistics of the U.S. Department of Labor reported today. For the 12-month period ended in June, the CPI-U increased 2.8 percent. The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) also rose 0.1 percent in June, prior to seasonal adjustment. The June 1996 CPI-W level of 154.1 was 2.8 percent higher than the index in June 1995. On a seasonally adjusted basis, the CPI-U rose 0.1 percent in June, its smallest advance since a similar increase last November. The energy index, which had risen 9.4 percent in the 6-month period ended in May after declining throughout most of 1995, fell 2.2 percent in June. The index for petroleum-based energy declined 3.7 percent in June and the index for energy services dropped 0.5 percent.