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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

June 10, 2020
US CONSUMER PRICE INDEX, MAY 2020

The US Consumer Price Index for All Urban Consumers decreased 0.1 per cent in May (seasonally adjusted monthly growth), after 0.8 per cent decline in April. This month, the indexes for motor vehicle insurance, energy, and apparel account for most of the decrease in the all items index while the food and shelter indexes rose.

The index for all items less food and energy declined 0.1 percent in May, its third consecutive monthly decline. This is the first time this index has ever declined in three consecutive months. The indexes for motor vehicle insurance, apparel, airline fares, used cars, and trucks declined in May. This month, the indexes for shelter, recreation, medical care, household furnishings and operations, and new vehicles increased.

Year-over-year (May 2020 compared to May 2019) consumer prices were up 0.1 per cent (not seasonally adjusted). For the previous 12 months, the index for all-items less food and energy was up 1.2 per cent. The food index was up 4.0 per cent. The energy index declined 18.9 per cent.

 

 

Note: Canada and Nova Scotia May 2020 CPI figures will be released June 17, 2020.

 

Source: US Bureau of Labor Statistics, Statistics Canada CANSIM table 18-10-0004-01



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