Consumer Price Index – Portland: up 2.6% from 6/2013 to 6/2014

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Area prices up 1.0 percent over the past six months, up 2.6 percent from a year ago

Prices in the greater Portland area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 1.0 percent in the first half of 2014, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Richard J. Holden noted that this latest six-month increase was influenced by higher prices for shelter, electricity, and food. (Data in this report are not seasonally adjusted. Accordingly, six-month-to-six-month changes may reflect seasonal influences.)

Over the past 12 months, the CPI-U rose 2.6 percent. (See chart 1.) Energy prices advanced 1.4 percent, mainly due to an increase in the price of electricity. The index for all items less food and energy increased 2.7 percent over the year.