by Sarah Bauder | Jan 12, 2022 | CPI
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.5% on a seasonally adjusted basis, reported the US Bureau of Labor Statistics. In November, it had risen by 0.8%. Over the last 12-month period, the index for all items increased 7% prior to seasonal adjustment.
“Increases in the indexes for shelter and for used cars and trucks were the largest contributors to the seasonally adjusted all items increase. The food index also contributed, although it increased less than in recent months, rising 0.5 percent in December. The energy index declined in December, ending a long series of increases; it fell 0.4 percent as the indexes for gasoline and natural gas both decreased.
The index for all items less food and energy rose 0.6 percent in December following a 0.5-percent increase in November. This was the sixth time in the last 9 months it has increased at least 0.5 percent. Along with the indexes for shelter and for used cars and trucks, the indexes for household furnishings and operations, apparel, new vehicles, and medical care all increased in December. As in November, the indexes for motor vehicle insurance and recreation were among the few to decline over the month,” reported the agency.
(Source: U.S. Bureau of Labor Statistics)
Food
In December, the index for food rose 0.5%. The food at home index rose 0.4%, with five of the six grocery store food group indexes seeing percentage increases for the month.
“The index for fruits and vegetables increased the most, rising 0.9 percent over the month as the index for fresh fruits increased 1.8 percent. The index for nonalcoholic beverages rose 0.8 percent in December, and the index for dairy and related products increased 0.7 percent. The index for other food at home rose 0.6 percent, and the index for cereals and bakery products increased 0.4 percent over the month. The index for meats, poultry, fish, and eggs declined in December, falling 0.4 percent after rising at least 0.7 percent in each of the last 7 months. The indexes for beef (-2.0 percent) and pork (-0.8 percent) declined after recent sharp increases,” explained the bureau in its report.
Over the last 12-month period, the index for food at home rose 6.5% – “this compares to a 1.5% annual increase over the last 10 years,” stated the bureau. All six of the component grocery store food group indexes saw percentage increases, with the index for meats, poultry, fish, and eggs rising 12.5%.
Likewise, over the last year, the food away from home index increased 6%, marking the largest percentage rise since January 1982.
Energy
The index for energy dropped 0.4% for the month. In December, gas prices declined 0.5%, after increasing consecutively by 6.1% in both October and November. The natural gas index also decreased 1.2% for the month. Conversely, the index for electricity edged up 0.3%.
Overall, over the last 12-month period, the energy index soared 29.3%. Gas prices skyrocketed 49.6%, the electricity index increased 6.3%, and the natural gas index surged 24.1%.
(Source: U.S. Bureau of Labor Statistics)
All Items Less Food and Energy
In December, the index for all items less food and energy increased by 0.6%. Several of the component indexes saw increases over the month including the shelter index by 0.4%, likewise, the indexes for rent and owners’ equivalent rent both increased 0.4%.
“The index for all items less food and energy rose 5.5% over the past 12 months, its largest 12- month increase since the period ending February 1991. Major contributors to this increase include shelter (+4.1%) and used cars and trucks (+37.3%). However, the increase is broad-based, with virtually all component indexes showing increases over the past 12 months,” explained the US Bureau of Labor Statistics.
The US Bureau of Labor Statistics released a statement regarding the impact of the COVID-19 pandemic on CPI data:
“Data collection by personal visit for the Consumer Price Index (CPI) program has been suspended almost entirely since March 16, 2020. When possible, data normally collected by personal visit were collected either online or by phone. Additionally, data collection in December was affected by the temporary closing or limited operations of certain types of establishments. These factors resulted in an increase in the number of prices considered temporarily unavailable and imputed. While the CPI program attempted to collect as much data as possible, many indexes are based on smaller amounts of collected prices than usual, and a small number of indexes that are normally published were not published this month. For each month from March 2020 to December 2021, BLS has published a summary of the impact of the pandemic on the Consumer Price Index news release and data. The impact summary for December is available at www.bls.gov/covid19/consumer-price-index-covid19-impacts-december2021.htm. Beginning with publication of January 2022 data in February 2022, this month-specific impact summary will be discontinued. However, information related to the impact of the pandemic will continue to be available at www.bls.gov/covid19/effects-of-covid-19-pandemic-on-consumerprice-index.htm.”
Source cited: https://www.bls.gov/news.release/archives/cpi_01122022.htm
by Sarah Bauder | Dec 10, 2021 | CPI
The Consumer Price Index for All Urban Consumers (CPI-U) edged up 0.8% in November on a seasonally adjusted basis, reported the US Bureau of Labor Statistics. In October, it had increased 0.9%.
“The index for all items less food and energy rose 0.5% in November following a 0.6% increase in October. Along with shelter, used cars and trucks, and new vehicles, the indexes for household furnishings and operations, apparel, and airline fares were among those that increased. The indexes for motor vehicle insurance, recreation, and communication all declined in November,” stated the Bureau of Labor Statistics in its monthly report.
Over the last 12-month span, the index for all items index increased 6.8%, which evidently marked the largest 12-month rise seen since June 1982. The all items less food and energy likewise increased by 4.9% since this time last year. The energy index skyrocketed 33.3% year-over-year, and the index for food rose 6.1% since this time last year.
(Source: U.S. Bureau of Labor Statistics)
Energy Index
In November, the index for energy edged up 3.5%, after seeing a 4.8% increase in October, reported the bureau. The price of gas rose 6.1% for the month, the electricity index edged up 0.3%, and the index for natural gas increased by 0.6%.
Over the last year, the index for energy soared an astounding 33.3%, with all composite indexes seeing percentage increases.
“The gasoline index rose 58.1% over the last year, its largest 12-month increase since the period ending April 1980. The index for natural gas rose 25.1% over the last 12 months, and the electricity index rose 6.5%,” explained the Bureau of Labor Statistics.
Food Index
For the month, the index for food edged up 0.7%. The index for food at home increased 0.8% for November. All of the six major grocery store category indexes saw percentage increases over the month, marking “the third consecutive month that all six increased.”
Over the last 12-month period, the food at home index rose 6.4% – the largest year-long increase since December 2008. All six component grocery store food group indexes saw percentage rises.
“The index for meats, poultry, fish, and eggs increased 12.8%, with the index for beef rising 20.9%. The index for dairy and related products posted the smallest increase, rising 1.6% over the last 12 months. The remaining major grocery store food group indexes posted increases ranging from 4.0% (fruits and vegetables) to 5.7% (other food at home). The index for food away from home rose 5.8% over the last year, the largest 12-month increase since the period ending January 1982. The index for limited service meals rose 7.9% over the last 12 months, and the index for full service meals rose 6.0%. The index for food at employee sites and schools, in contrast, declined 44.9% over the past 12 months,” reported the bureau.
(Source: U.S. Bureau of Labor Statistics)
All Items Less Food and Energy
In November, the index for all items less food and energy crept up 0.5%. Several of the component indexes all saw increases over the month including the shelter index by 0.5%, the indexes for rent and owners’ equivalent rent both rose 0.4%, and the idex for used cars and trucks by 2.5%.
Some of the composite indexes that declined were the motor vehicle insurance index by 0.8%, and the indexes for recreation and communication both declined 0.2%, respectively.
“The index for all items less food and energy rose 4.9% over the past 12 months, its largest 12- month increase since the period ending June 1991. The index for used cars and trucks rose 31.4% over the last 12 months, and the index for new vehicles rose 11.1%. The shelter index rose 3.8%, the largest 12-month increase since the period ending June 2007. The index for medical care increased 1.7% over the last year,” said the US Bureau of Labor Statistics.
The US Bureau of Labor Statistics released a statement:
“Coronavirus (COVID-19) Pandemic Impact on November 2021 Consumer Price Index Data
Data collection by personal visit for the Consumer Price Index (CPI) program has been suspended almost entirely since March 16, 2020. When possible, data normally collected by personal visit were collected either online or by phone. Additionally, data collection in November was affected by the temporary closing or limited operations of certain types of establishments. These factors resulted in an increase in the number of prices considered temporarily unavailable and imputed. While the CPI program attempted to collect as much data as possible, many indexes are based on smaller amounts of collected prices than usual, and a small number of indexes that are normally published were not published this month. Additional information is available at www.bls.gov/covid19/effects-of-covid-19-pandemic-on-consumer-price-index.htm.”
Source cited: https://www.bls.gov/news.release/archives/cpi_12102021.htm
by Sarah Bauder | Nov 10, 2021 | CPI
The Consumer Price Index for All Urban Consumers (CPI-U) grew by 0.9% on a seasonally adjusted basis in October, reported the U.S. Bureau of Labor Statistics today. This is up from the 0.4% percentage increase seen in September. Before seasonal adjustment, the all items index rose by 6.2%.
(Source: U.S. Bureau of Labor Statistics)
Food
In October, the index for food rose by 0.9%, the identical percentage growth seen the previous month, explained the bureau. Over the month, the index rose 1% with all six component food group indexes seeing percentage increases.
“The index for meats, poultry, fish, and eggs continued to rise sharply, increasing 1.7% following a 2.2% increase in September. The index for beef rose 3.1% over the month. The index for other food at home rose 1.2% over the month, its largest monthly increase since April 2020, near the onset of the pandemic. The index for cereals and bakery products rose 1.0 percent in October following a 1.1% increase the prior month. The index for nonalcoholic beverages rose 0.8% in October, the index for dairy and related products rose 0.2%, and the index for fruits and vegetables advanced 0.1%,” noted the Bureau of Labor Statistics.
Over the last 12-month period, the food at home index increased 5.4% with all six component food group indexes seeing significant percentage increases.
“The index for meats, poultry, fish, and eggs increased 11.9%, with the index for beef rising 20.1% and the index for pork rising 14.1%, its largest 12-month increase since the period ending December 1990,” explained the bureau.
Energy
In October, the index for energy saw a sharp increase of 4.8%, after the 1.3% rise the previous month. Gas prices increased 6.1%, marking the “ fifth consecutive monthly increase”. Likewise, the indexes for electricity, natural gas, and fuel oil all increased – 1.8%, 6.6%, and 12.3%, respectively.
Overall, since this time last year the index for energy surged by 30%, the most significant year-over-year increase since September 2005.
“All the major energy component indexes increased sharply over the last 12 months. The gasoline index rose 49.6% over the last year, and is now at its highest level since September 2014. The fuel oil index increased sharply over the year, rising 59.1%. The index for natural gas rose 28.1% over the last 12 months, and the electricity index rose 6.5%,” explained the Bureau of Labor Statistics.
(Source: U.S. Bureau of Labor Statistics)
All Items Less Food and Energy
The all items less food and energy index inched up 0.6% for the month. The bureau reported that all major component indexes saw percentage increases in October including the shelter index by 0.5%, plus the indexes for rent and owners’ equivalent rent both by 0.4%.
Since this time last year, the all items less food and energy index increased 4.6%.
“Component indexes rising more include used cars and trucks (26.4%) and new vehicles (9.8%, the largest 12-month increase since the period ending May 1975). Indexes rising less than 4.6 percent include shelter (3.5%) and medical care (1.3%). Few major component indexes declined over the past year; one exception is airline fares (-4.6%),” noted the bureau in its October report.
The Bureau of Labor Statistics included this statement with its October report:
“Coronavirus (COVID-19) Pandemic Impact on October 2021 Consumer Price Index Data Data collection by personal visit for the Consumer Price Index (CPI) program has been suspended almost entirely since March 16, 2020. When possible, data normally collected by personal visit were collected either online or by phone. Additionally, data collection in October was affected by the temporary closing or limited operations of certain types of establishments. These factors resulted in an increase in the number of prices considered temporarily unavailable and imputed. While the CPI program attempted to collect as much data as possible, many indexes are based on smaller amounts of collected prices than usual, and a small number of indexes that are normally published were not published this month. Additional information is available at www.bls.gov/covid19/effects-of-covid-19-pandemic-on-consumer-price-index.htm.”
Source cited: https://www.bls.gov/news.release/archives/cpi_11102021.htm
by Sarah Bauder | Oct 13, 2021 | CPI
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4% in September on a seasonally adjusted basis, reported the US Bureau of Labor Statistics. In August, it had increased by 0.3%. Over the last 12-month period, the index for all items increased by 5.4% prior to seasonal adjustment.
“The indexes for food and shelter rose in September and together contributed more than half of the monthly all items seasonally adjusted increase. The index for food rose 0.9 percent, with the index for food at home increasing 1.2 percent. The energy index increased 1.3 percent, with the gasoline index rising 1.2 percent.
The index for all items less food and energy rose 0.2 percent in September, after increasing 0.1 percent in August. Along with the index for shelter, the indexes for new vehicles, household furnishings and operations, and motor vehicle insurance also rose in September. The indexes for airline fares, apparel, and used cars and trucks all declined over the month,” reported the bureau.
(Source: U.S. Bureau of Labor Statistics)
Energy
In September, the index of energy rose 1.3% – marking the fourth consecutive monthly increase in percentage. Gas prices increased 1.2% over the month (the gasoline index increased 0.3% in September before seasonal adjustment). Likewise, the indexes for electricity and natural gas both increased – 0.8% and 2.7%, respectively.
Over the last 12 months, the index for energy skyrocketed by 24.8%. Since this time last year, the price of gas has increased an astounding 42.1%. The US Bureau of Labor Statistics reported that “all the major energy component indexes increased” in percentage.
Food
The food index 0.9% for the month. There were percentage increases in all the major composite indexes for grocery store food.
“The index for meats, poultry, fish, and eggs rose 2.2% over the month as the index for beef rose 4.8%. The index for other food at home increased 1.1% in September after rising 0.6% in August. The index for nonalcoholic beverages increased 1.2% in September, its fourth consecutive monthly increase. The index for fruits and vegetables rose 0.6% in September, a larger increase than the 0.2% increase reported in August. The index for cereals and bakery products increased 1.1% over the month, while the index for dairy and related products rose 0.7%,” stated the US Bureau of Labor Statistics.
Over the last 12-month span, the food at home index rose 4.5%. All six of the component grocery store food group indexes saw percentage increases, with the index for meats, poultry, fish, and eggs rising 10.5%. The beef index increased 17.6% over the same period.
(Source: U.S. Bureau of Labor Statistics)
All Items Less Food and Energy
In September, the index for all items less food and energy saw a slight increase of 0.2%. Several of the component indexes all saw increases over the month including the shelter index by 0.4%, likewise, the index for owners’ equivalent rent rose 0.4%, and the rent index edged up 0.5%.
“In contrast to these increases, several indexes declined in September. The index for airline fares continued to fall sharply, decreasing 6.4% over the month after falling 9.1% in August. The apparel index also decreased in September, declining 1.1% over the month after rising 0.4% in the previous month. The index for used cars and trucks fell 0.7% this month, continuing to decline after it decreased 1.5% in August.
The index for all items less food and energy rose 4.0% over the past 12 months. The index for used cars and trucks increased 24.4% over the span. The index for new vehicles rose 8.7%, the largest 12-month increase since the period ending September 1980. The shelter index increased 3.2% over the last 12 months, and the household furnishings and operations index rose 5.1%. The index for medical care rose 0.4% over the last year, with the index for physicians’ services rising 3.8% and the index for hospital services increasing 3.2%. The prescription drugs index fell 1.6%, one of the few indexes to show a 12-month decline,” explained the US Bureau of Labor Statistics in its report.
Source cited: https://www.bls.gov/news.release/archives/cpi_10132021.htm
by Sarah Bauder | Sep 17, 2021 | CPI
The Consumer Price Index for All Urban Consumers (CPI-U) edged up 0.3% in August on a seasonally adjusted basis, reported the US Bureau of Labor Statistics. In July, it had increased 0.5%.
“The indexes for gasoline, household furnishings and operations, food, and shelter all rose in August and contributed to the monthly all items seasonally adjusted increase. The energy index increased 2.0%, mainly due to a 2.8% increase in the gasoline index. The index for food rose 0.4%, with the indexes for food at home and food away from home both increasing 0.4%.
The index for all items less food and energy rose 0.1% in August, its smallest increase since February 2021. Along with the indexes for household operations and shelter, the indexes for new vehicles, recreation, and medical care also rose in August. The indexes for airline fares, used cars and trucks, and motor vehicle insurance all declined over the month.”
(Source: U.S. Bureau of Labor Statistics)
Food Index
The index for food edged up 0.4% for August, as did the index for food away from home. The index for food at home likewise increased 0.4% for the month. Four of the six major grocery store category indexes all saw percentage increases over the month.
Over the last 12-month period, the food at home index rose 3%. Five of the six component grocery store food group indexes saw percentage rises.
“The largest increase was the index for meats, poultry, fish, and eggs, which increased 8.0 percent as the index for beef rose 12.2 percent over the year. The only group to decline was dairy and related products, which fell 0.5 percent over the last 12 months. The index for food away from home rose 4.7 percent over the last year,” said the Bureau for Labor Statistics.
(Source: U.S. Bureau of Labor Statistics)
Energy
In August, the index of energy rose 3% – marking the third consecutive monthly increase in percentage. The index for gasoline rose 2.8% over the month. Both the indexes for electricity and natural gas increased – with 1%, and 1.6%, respectively.
Overall, energy soared 25% in the last 12-month span. The price of gas leapt an astounding 42.7%.
“The index for electricity increased 5.2 percent, its largest 12-month increase since the period ending March 2014. The index for natural gas rose 21.1 percent over the last 12 months, the largest increase since the period ending August 2008,” said the bureau in its report.
All Items Less Food and Energy
In August, the index for all items less food and energy crept up 0.1%. Several of the component indexes all saw increases over the month including the shelter index by 0.2%, the indexes for rent and owners’ equivalent rent both rose 0.3% in August.
“In contrast to these increases, several indexes declined in August. The index for airline fares fell sharply, decreasing 9.1 percent over the month. The index for used cars and trucks declined 1.5 percent in August, ending a series of five consecutive monthly increases. The index for motor vehicle insurance fell 2.8 percent in August, the same decline as in July.
The index for all items less food and energy rose 4.0 percent over the past 12 months. The index for used cars and trucks increased 31.9 percent over the span. The index for new vehicles rose 7.6 percent, the largest 12-month increase since the period ending June 1981. The shelter index increased 2.8 percent over the last 12 months, and the medical care index rose 0.4 percent. The index for physicians’ services rose 3.9 percent and the index for hospital services increased 3.5 percent. The prescription drugs index fell 2.7 percent, one of the few indexes to show a 12-month decline,” explained the Bureau of Labor Statistics.
Source cited: https://www.bls.gov/news.release/archives/cpi_09142021.htm
by Sarah Bauder | Aug 11, 2021 | CPI
The Consumer Price Index for All Urban Consumers (CPI-U) edged up 0.5% in July on a seasonally adjusted basis, reported the U.S. Bureau of Labor Statistics. Before seasonal adjustment, the all items index rose 5.4% since this time last year.
(Source: U.S. Bureau of Labor Statistics)
Energy Index
In July, the index for energy rose 1.6%. The price of gasoline increased 2.4% for the month. “Before seasonal adjustment, gasoline prices rose 2.5 in July,” reported the bureau.
The indexes for electricity and natural gas both increased in July – 0.4% and 2.2%, respectively.
Over the last 12-month period, the energy index soared 23.8%.
“The gasoline index rose 41.8% since July 2020. The index for natural gas rose 19% over the last 12 months, while the index for electricity increased 4.0%,” stated the U.S. Bureau of Labor Statistics.
Food Index
The index for food edged up 0.7% for the month. The food at home index rose 0.7%, while the food away from home index rose 0.8% – “its largest monthly increase since February 1981”.
“The food at home index increased 2.6% over the past 12 months. All six major grocery store food group indexes rose over the span, with increases ranging from 1.1% (nonalcoholic beverages) to 5.9% (meats, poultry, fish, and eggs). The index for food away from home rose 4.6% over the last year. The index for limited-service meals rose 6.6% over the last 12 months, and the index for full-service meals rose 4.3%. Both 12-month increases were the largest in the history of the respective series, which were first published in 1998,” explained the bureau in its report.
(Source: U.S. Bureau of Labor Statistics)
All Items Less Food and Energy
The all items less food and energy index increased 0.3% for the month – “, its smallest monthly increase in 4 months” reported the bureau. Several component indexes saw percentage increases in July including the shelter index by 0.4%, the owners’ equivalent rent index by 0.3%, and the rent index by 0.2%.
Over the last 12-month period the all items less food and energy index increased 4.3%.
“The index for used cars and trucks increased 41.7% over the span. The index for new vehicles rose 6.4%, the largest 12-month increase since the period ending January 1982. The shelter index increased 2.8% over the last 12 months, and the medical care index rose only 0.3%. Few major component indexes declined over the past 12 months,” explained the U.S. Bureau of Labor Statistics.
The U.S. Bureau of Labor Statistics released the following with its report:
“Coronavirus (COVID-19) Pandemic Impact on July 2021 Consumer Price Index Data
Data collection by personal visit for the Consumer Price Index (CPI) program has been suspended since March 16, 2020. When possible, data normally collected by personal visit were collected either online or by phone. Additionally, data collection in July was affected by the temporary closing or limited operations of certain types of establishments. These factors resulted in an increase in the number of prices considered temporarily unavailable and imputed. While the CPI program attempted to collect as much data as possible, many indexes are based on smaller amounts of collected prices than usual, and a small number of indexes that are normally published were not published this month. Additional information is available at www.bls.gov/covid19/effects-of-covid-19-pandemic-on-consumer-price-index.htm.”
Source cited: https://www.bls.gov/news.release/archives/cpi_08112021.htm
