The Consumer Price Index (CPI) rose 1.0% on a year-over-year basis in June, following a 1.3% gain in May.

Energy prices decreased in the 12 months to June, after increasing in May. At the same time, prices for food rose year over year in June, following a small decline in May.

Excluding food and energy, the CPI was up 1.4% on a year-over-year basis in June, matching the gain in May.

Prices were up in seven of the eight major components in the 12 months to June, with the shelter index and the recreation, education and reading index contributing the most to the year-over-year rise in the CPI. The clothing and footwear index declined on a year-over-year basis.

Transportation costs rose 0.6% on a year-over-year basis in June, following a 2.2% gain in May. This deceleration was led by gasoline prices, which fell 1.4% in the 12 months to June, after increasing 6.8% in May. The purchase of passenger vehicles index declined for the first time since February 2015, down 0.2% year over year in June. Meanwhile, passenger vehicle insurance premiums rose 2.1% in the 12 months to June, following a 1.4% increase in May.