Lost Price: Consumer Price Index unchanged over the month, up 8.5 percent over the year, in July 2022 : The Economics Daily: U.S

Consumer Price Index unchanged over the month, up 8.5 percent over the year, in July 2022

August 15, 2022

The Consumer Price Index for All Urban Consumers was unchanged in July 2022 (seasonally adjusted) after rising 1.3 percent in June and 1.0 percent in May. Gasoline prices fell 7.7 percent in July and offset increases in food and shelter prices, resulting in the index for all items being unchanged in July. From July 2021 to July 2022, the index for all items increased 8.5 percent (not seasonally adjusted).

Consumer Price Index for All Urban Consumers, 1-month and 12-month percent changes, January 2012 to July 2022
Month	1-month percent change (seasonally adjusted)	12-month percent change (not seasonally adjusted)
Jan 2012	0.3%	2.9%
Feb 2012	0.2	2.9
Mar 2012	0.2	2.7
Apr 2012	0.2	2.3
May 2012	-0.2	1.7
Jun 2012	-0.1	1.7
Jul 2012	0.0	1.4
Aug 2012	0.6	1.7
Sep 2012	0.5	2.0
Oct 2012	0.3	2.2
Nov 2012	-0.2	1.8
Dec 2012	0.0	1.7
Jan 2013	0.2	1.6
Feb 2013	0.5	2.0
Mar 2013	-0.3	1.5
Apr 2013	-0.2	1.1
May 2013	0.0	1.4
Jun 2013	0.2	1.8
Jul 2013	0.2	2.0
Aug 2013	0.2	1.5
Sep 2013	0.0	1.2
Oct 2013	0.1	1.0
Nov 2013	0.2	1.2
Dec 2013	0.3	1.5
Jan 2014	0.2	1.6
Feb 2014	0.1	1.1
Mar 2014	0.2	1.5
Apr 2014	0.2	2.0
May 2014	0.2	2.1
Jun 2014	0.1	2.1
Jul 2014	0.1	2.0
Aug 2014	0.0	1.7
Sep 2014	0.0	1.7
Oct 2014	0.0	1.7
Nov 2014	-0.2	1.3
Dec 2014	-0.3	0.8
Jan 2015	-0.6	-0.1
Feb 2015	0.3	0.0
Mar 2015	0.3	-0.1
Apr 2015	0.1	-0.2
May 2015	0.3	0.0
Jun 2015	0.3	0.1
Jul 2015	0.2	0.2
Aug 2015	0.0	0.2
Sep 2015	-0.2	0.0
Oct 2015	0.1	0.2
Nov 2015	0.1	0.5
Dec 2015	-0.1	0.7
Jan 2016	0.0	1.4
Feb 2016	-0.1	1.0
Mar 2016	0.3	0.9
Apr 2016	0.4	1.1
May 2016	0.2	1.0
Jun 2016	0.3	1.0
Jul 2016	-0.1	0.8
Aug 2016	0.2	1.1
Sep 2016	0.3	1.5
Oct 2016	0.2	1.6
Nov 2016	0.1	1.7
Dec 2016	0.3	2.1
Jan 2017	0.4	2.5
Feb 2017	0.2	2.7
Mar 2017	0.0	2.4
Apr 2017	0.1	2.2
May 2017	-0.1	1.9
Jun 2017	0.1	1.6
Jul 2017	0.0	1.7
Aug 2017	0.4	1.9
Sep 2017	0.5	2.2
Oct 2017	0.1	2.0
Nov 2017	0.3	2.2
Dec 2017	0.2	2.1
Jan 2018	0.4	2.1
Feb 2018	0.3	2.2
Mar 2018	0.1	2.4
Apr 2018	0.2	2.5
May 2018	0.3	2.8
Jun 2018	0.1	2.9
Jul 2018	0.1	2.9
Aug 2018	0.2	2.7
Sep 2018	0.2	2.3
Oct 2018	0.2	2.5
Nov 2018	-0.1	2.2
Dec 2018	0.0	1.9
Jan 2019	0.0	1.6
Feb 2019	0.3	1.5
Mar 2019	0.4	1.9
Apr 2019	0.4	2.0
May 2019	0.1	1.8
Jun 2019	0.0	1.6
Jul 2019	0.2	1.8
Aug 2019	0.1	1.7
Sep 2019	0.2	1.7
Oct 2019	0.3	1.8
Nov 2019	0.2	2.1
Dec 2019	0.2	2.3
Jan 2020	0.2	2.5
Feb 2020	0.1	2.3
Mar 2020	-0.3	1.5
Apr 2020	-0.8	0.3
May 2020	-0.1	0.1
Jun 2020	0.5	0.6
Jul 2020	0.5	1.0
Aug 2020	0.4	1.3
Sep 2020	0.2	1.4
Oct 2020	0.1	1.2
Nov 2020	0.1	1.2
Dec 2020	0.3	1.4
Jan 2021	0.2	1.4
Feb 2021	0.4	1.7
Mar 2021	0.6	2.6
Apr 2021	0.6	4.2
May 2021	0.7	5.0
Jun 2021	0.9	5.4
Jul 2021	0.5	5.4
Aug 2021	0.3	5.3
Sep 2021	0.4	5.4
Oct 2021	0.9	6.2
Nov 2021	0.7	6.8
Dec 2021	0.6	7.0
Jan 2022	0.6	7.5
Feb 2022	0.8	7.9
Mar 2022	1.2	8.5
Apr 2022	0.3	8.3
May 2022	1.0	8.6
Jun 2022	1.3	9.1
Jul 2022	0.0	8.5

The 8.5-percent increase in the index for all items from July 2021 to July 2022 was down from a 9.1-percent increase for the 12 months ending in June. Consumer prices for all items less food and energy rose 5.9 percent from July 2021 to July 2022.

Consumer food prices increased 10.9 percent from July 2021 to July 2022, the largest 12-month increase since the period ending May 1979. Prices for food at home rose 13.1 percent over the last 12 months, the largest 12-month increase since the period ending March 1979. Prices for food away from home rose 7.6 percent from July 2021 to July 2022.

12-month percent change in the Consumer Price Index, selected categories, July 2022, not seasonally adjusted
Category	12-month percent change
All items	8.5%
Food	10.9
Food at home	13.1
Cereals and bakery products	15
Meats, poultry, fish, and eggs	10.9
Dairy and related products	14.9
Fruits and vegetables	9.3
Nonalcoholic beverages and beverage materials	13.8
Other food at home	15.8
Food away from home	7.6
Full service meals and snacks	8.9
Limited service meals and snacks	7.2
Energy	32.9
Energy commodities	44.9
Fuel oil	75.6
Gasoline (all types)	44
Energy services	18.8
Electricity	15.2
Natural gas (piped)	30.5
All items less food and energy	5.9
Commodities less food and energy commodities	7
Apparel	5.1
New vehicles	10.4
Used cars and trucks	6.6
Medical care commodities	3.7
Alcoholic beverages	4.2
Tobacco and smoking products	7.7
Services less energy services	5.5
Shelter	5.7
Rent of primary residence	6.3
Owners' equivalent rent of residences	5.8
Medical care services	5.1
Physicians' services	0.8
Hospital services	3.9
Transportation services	9.2
Motor vehicle maintenance and repair	8.1
Motor vehicle insurance	7.4
Airline fares	27.7

Energy prices rose 32.9 percent over the past 12 months. Gasoline prices increased 44.0 percent, and fuel oil prices rose 75.6 percent. Consumer prices for electricity rose 15.2 percent, the largest 12-month increase since the 12 months ending February 2006. Prices for natural gas increased 30.5 percent over the last 12 months.

Shelter prices rose 5.7 percent over the last 12 months, accounting for about 40 percent of the total increase in prices for all items less food and energy. Several transportation indexes also rose notably over the last year, including new vehicles (10.4 percent), used cars and trucks (6.6 percent), motor vehicle insurance (7.4 percent), and airline fares (27.7 percent).

These data are from the Consumer Price Index program. To learn more, see "Consumer Price Index — July 2022." We also have more charts on consumer prices.