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Consumer prices dip slightly in June for third straight month

Consumer prices as measured by the Urban Wage Earners and Clerical Workers index (CPI-W) fell slightly in June, down 0.1 percent over the month prior to seasonal adjustment, the Bureau of Labor Statistics reported on July 16. The CPI-W, which is used as an escalator in union contracts and in federal entitlement payments, registered a June level of 213.839 (1982-84=100), which was 1.4 percent higher than in June 2009. Consumer prices as measured by the All Urban Consumers index (CPI-U) also fell 0.1 percent prior to seasonal adjustment; the June level of 217.965 (1982-84=100) was 1.1 percent higher than in June 2009.

On a seasonally adjusted basis, the CPI-W fell by 0.2 percent; the CPI-U declined 0.1 percent ( USDL 10-0966, Bureau of Labor Statistics). Among the various components comprising the CPI-W as seasonally adjusted, Apparel registered the largest increase, up 0.8 percent, followed by Other goods and services, which rose 0.5 percent, and Medical care, up 0.3 percent. Recreation and Education and communication both rose by 0.1 percent. Transportation registered the largest decrease, down 1.1 percent, followed by Housing, which fell 0.1 percent. Food and beverages showed no change.