Friday, June 15, 2007

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[IWS] BLS: CONSUMER PRICE INDEX: MAY 2007 [15 June 2007]

IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations
-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor
---------------------- Stuart Basefsky
New York, NY 10016
-------------------------------Director, IWS News Bureau
________________________________________________________________________

CONSUMER PRICE INDEX: MAY 2007 [15 June 2007]
http://www.bls.gov/news.release/cpi.nr0.htm
or
http://www.bls.gov/news.release/pdf/cpi.pdf
[full-text, 19 pages]

 The Consumer Price Index for All Urban Consumers (CPI-U) increased
 0.6 percent in May, before seasonal adjustment, the Bureau of Labor
 Statistics of the U.S. Department of Labor reported today.  The May level
 of 207.949 (1982-84=100) was 2.7 percent higher than in May 2006.

      The Consumer Price Index for Urban Wage Earners and Clerical Workers
 (CPI-W) increased 0.8 percent in May prior to seasonal adjustment.  The
 May level of 203.661 (1982-84=100) was 2.8 percent higher than in May
 2006.

      The Chained Consumer Price Index for All Urban Consumers (C-CPI-U)
 increased 0.4 percent in May on a not seasonally adjusted basis.  The May
 level of 120.032 (December 1999=100) was 2.3 percent higher than in May
 2006.  Please note that the indexes for the post-2005 period are subject
 to revision.

 CPI for All Urban Consumers (CPI-U)

      On a seasonally adjusted basis, the CPI-U advanced 0.7 percent in
 May, following a 0.4 percent increase in April.   The index for energy
 increased sharply for the third consecutive month--up 5.4 percent in May.
 The index for petroleum-based energy rose 9.8 percent while the index for
 energy services declined 0.2 percent.  The food index rose 0.3 percent in
 May, slightly less than in April.  The index for all items less food and
 energy advanced 0.1 percent in May, following a 0.2 percent rise in April.
 Smaller increases in the indexes for shelter and medical care were
 responsible for the moderation.

AND MUCH MORE...including TABLES....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

****************************************
Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
                                   
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
****************************************






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