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US CPI increased less than expected

Thursday, Jun 18 2015
US CPI increased 0.4%  in May on a seasonally adjusted basis, slightly below anticipated incline by 0.5%. Over the last 12 months, the all items index was unchanged before seasonal adjustment. The gasoline index increased sharply in May, rising 10.4% and accounting for most of the seasonally adjusted all items increase. Other energy indexes were mixed, with the fuel oil index rising but the electricity index declining and the index for natural gas unchanged. The food index was unchanged for the second month in a row, as a decline in the food at home index offset an increase in the index for food away from home. 
 
The index for all items less food and energy rose 0.1% in May, its smallest increase since December and below expectations on 0.2% increase. The indexes for shelter, airline fares, and medical care all increased, as did the indexes for personal care, recreation, new vehicles, alcoholic beverages, and tobacco. In contrast, the indexes for apparel, for household furnishings and operations, and for used cars and trucks all declined in May.   
 
After the figures USD added few points against its major rivals. Euro is currently being traded few points above 1.14 handle, Sterling is at 1.59 area, while Aussie is slightly above 0.7820 level. Later today, Philly Fed Manufacturing Index data is scheduled for a release.
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