{"id":126652,"date":"2021-08-11T19:15:58","date_gmt":"2021-08-12T02:15:58","guid":{"rendered":"http:\/\/69.46.6.243\/?p=126652"},"modified":"2021-08-11T22:19:48","modified_gmt":"2021-08-12T05:19:48","slug":"consumer-prices-soar-in-june-energy-up-23-8-used-vehicles-up-41-7-all-items-up-5-4","status":"publish","type":"post","link":"https:\/\/new.thepinetree.net\/?p=126652","title":{"rendered":"Consumer Prices Soar in June!  Energy up 23.8%, Used Vehicles up 41.7% &#038; All Items up 5.4%"},"content":{"rendered":"<p>Washington, DC&#8230;The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent in July on a seasonally adjusted basis after rising 0.9 percent in June, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 5.4 percent before seasonal adjustment.<\/p>\n<p><a href=\"https:\/\/dailytide.com\/wp-content\/uploads\/2016\/12\/bls.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-3716\" src=\"https:\/\/dailytide.com\/wp-content\/uploads\/2016\/12\/bls.jpg\" alt=\"\" width=\"238\" height=\"208\" \/><\/a><\/p>\n<p>The indexes for shelter, food, energy, and new vehicles all increased in July and contributed to the monthly all items seasonally adjusted increase. The food index increased 0.7 percent in July as five of the major grocery store food group indexes rose, and the food away from home index increased 0.8 percent. The energy index rose 1.6 percent in July, as the gasoline index increased 2.4 percent and other energy component indexes also rose.<\/p>\n<p>The index for all items less food and energy rose 0.3 percent in July after increasing 0.9 percent in June. Along with shelter and new vehicles, the indexes for recreation, for medical care, and for personal care increased in July. The index for used cars also increased in July, but the 0.2-percent advance was much smaller than in recent months. The index for motor vehicle insurance declined in July, and the index for airline fares fell slightly.<\/p>\n<p>The all items index rose 5.4 percent for the 12 months ending July, the same increase as the period ending June. The index for all items less food and energy rose 4.3 percent over the last 12 months, while the energy index rose 23.8 percent. The food index increased 3.4 percent for the 12 months ending July, compared to a 2.4-percent rise for the period ending June.<\/p>\n<pre>Table A. Percent changes in CPI for All Urban Consumers (CPI-U): U.S. city\r\naverage\r\n\r\n                                  Seasonally adjusted changes from\r\n                                          preceding month\r\n                                                                          Un-\r\n                                                                       adjusted\r\n                                                                        12-mos.\r\n                              Jan.  Feb.  Mar.  Apr.  May   June  July   ended\r\n                              2021  2021  2021  2021  2021  2021  2021   July\r\n                                                                         2021\r\n\r\n All items..................    .3    .4    .6    .8    .6    .9    .5      5.4\r\n  Food......................    .1    .2    .1    .4    .4    .8    .7      3.4\r\n   Food at home.............   -.1    .3    .1    .4    .4    .8    .7      2.6\r\n   Food away from home (1)..    .3    .1    .1    .3    .6    .7    .8      4.6\r\n  Energy....................   3.5   3.9   5.0   -.1    .0   1.5   1.6     23.8\r\n   Energy commodities.......   7.3   6.6   8.9  -1.4   -.6   2.6   2.3     41.2\r\n    Gasoline (all types)....   7.4   6.4   9.1  -1.4   -.7   2.5   2.4     41.8\r\n    Fuel oil (1)............   5.4   9.9   3.2  -3.2   2.1   2.9    .6     39.1\r\n   Energy services..........   -.3    .9    .6   1.5    .7    .2    .8      7.2\r\n    Electricity.............   -.2    .7    .0   1.2    .3   -.3    .4      4.0\r\n    Utility (piped) gas\r\n       service..............   -.4   1.6   2.5   2.4   1.7   1.7   2.2     19.0\r\n  All items less food and\r\n     energy.................    .0    .1    .3    .9    .7    .9    .3      4.3\r\n   Commodities less food and\r\n      energy commodities....    .1   -.2    .1   2.0   1.8   2.2    .5      8.5\r\n    New vehicles............   -.5    .0    .0    .5   1.6   2.0   1.7      6.4\r\n    Used cars and trucks....   -.9   -.9    .5  10.0   7.3  10.5    .2     41.7\r\n    Apparel.................   2.2   -.7   -.3    .3   1.2    .7    .0      4.2\r\n    Medical care\r\n       commodities (1)......   -.1   -.7    .1    .6    .0   -.4    .2     -2.1\r\n   Services less energy\r\n      services..............    .0    .2    .4    .5    .4    .4    .3      2.9\r\n    Shelter.................    .1    .2    .3    .4    .3    .5    .4      2.8\r\n    Transportation services    -.3   -.1   1.8   2.9   1.5   1.5  -1.1      6.4\r\n    Medical care services...    .5    .5    .1    .0   -.1    .0    .3       .8\r\n\r\n   1 Not seasonally adjusted.<\/pre>\n<p>Food<\/p>\n<p>The food index increased 0.7 percent in July after rising 0.8 percent in June.<br \/>\nThe index for food at home also rose 0.7 percent, as the index for meats, poultry,<br \/>\nfish, and eggs continued to increase. This index rose 1.5 percent in July; this<br \/>\nwas its seventh monthly increase in a row and followed a 2.5-percent increase in<br \/>\nJune. The index for cereals and bakery products, which declined in June, rose 1.2<br \/>\npercent in July, its largest 1-month increase since April 2020. The index for<br \/>\nother food at home rose 0.8 percent in July, also the largest monthly increase<br \/>\nsince April 2020. The index for nonalcoholic beverages rose 0.7 percent in July,<br \/>\nand the index for dairy and related products advanced 0.6 percent.<\/p>\n<p>The index for fruits and vegetables was the only major grocery store food group<br \/>\nindex to fall in July, declining 0.9 percent after rising 0.7 percent in June.<br \/>\nThe index for fresh fruits fell 1.8 percent over the month.<\/p>\n<p>The food away from home index rose 0.8 percent in July, its largest monthly<br \/>\nincrease since February 1981. The index for limited service meals rose 1.0 percent<br \/>\nin July, and the index for full service meals increased 0.6 percent.<\/p>\n<p>The food at home index increased 2.6 percent over the past 12 months. All six<br \/>\nmajor grocery store food group indexes rose over the span, with increases ranging<br \/>\nfrom 1.1 percent (nonalcoholic beverages) to 5.9 percent (meats, poultry, fish,<br \/>\nand eggs). The index for food away from home rose 4.6 percent over the last year.<br \/>\nThe index for limited service meals rose 6.6 percent over the last 12 months, and<br \/>\nthe index for full service meals rose 4.3 percent. Both 12-month increases were<br \/>\nthe largest in the history of the respective series, which were first published<br \/>\nin 1998.<\/p>\n<p>Energy<\/p>\n<p>The energy index increased 1.6 percent in July after rising 1.5 percent in June.<br \/>\nAll the major energy component indexes increased over the month. The gasoline<br \/>\nindex rose 2.4 percent in July following a 2.5-percent increase in June. (Before<br \/>\nseasonal adjustment, gasoline prices rose 2.5 percent in July.) The index for<br \/>\nnatural gas rose 2.2 percent in July after increasing 1.7 percent in both May and<br \/>\nJune. The electricity index increased 0.4 percent in July after falling 0.3<br \/>\npercent the prior month.<\/p>\n<p>The energy index rose 23.8 percent over the past 12 months. The gasoline index<br \/>\nrose 41.8 percent since July 2020. The index for natural gas rose 19.0 percent<br \/>\nover the last 12 months, while the index for electricity increased 4.0 percent.<\/p>\n<p>All items less food and energy<\/p>\n<p>The index for all items less food and energy rose 0.3 percent in July, its<br \/>\nsmallest monthly increase in 4 months. The shelter index rose 0.4 percent in July<br \/>\nand accounted for over half of the monthly increase in the index for all items<br \/>\nless food and energy. The index for rent rose 0.2 percent and the index for<br \/>\nowners\u2019 equivalent rent increased 0.3 percent. The index for lodging away from<br \/>\nhome continued to rise sharply, increasing 6.0 percent in July after rising 7.0<br \/>\npercent in June.<\/p>\n<p>The index for new vehicles rose 1.7 percent in July and has now increased 5.4<br \/>\npercent over the last 3 months. The recreation index rose 0.6 percent in July<br \/>\nafter increasing 0.2 percent in June. The index for medical care rose 0.3 percent<br \/>\nin July after declining in May and June. The index for physicians\u2019 services rose<br \/>\n0.4 percent and the index for hospital services advanced 0.5 percent, while the<br \/>\nindex for prescription drugs declined 0.1 percent. The index for personal care<br \/>\nincreased 0.8 percent in July.<\/p>\n<p>The index for used cars and trucks rose 0.2 percent in July after rising at least<br \/>\n7.3 percent in each of the last 3 months. The deceleration in the index was a<br \/>\nmajor factor in the smaller monthly increase in the index for all items less food<br \/>\nand energy. The indexes for education, for communication, for tobacco, and for<br \/>\nalcoholic beverages all increased in July, while the indexes for household<br \/>\nfurnishings and operations and for apparel were unchanged.<\/p>\n<p>The index for motor vehicle insurance was one of the few major component indexes<br \/>\nto decline in July, falling 2.8 percent after rising in each of the last 6 months.<br \/>\nThe index for airline fares fell slightly in July, declining 0.1 percent after<br \/>\nrising sharply in recent months.<\/p>\n<p>The index for all items less food and energy rose 4.3 percent over the past 12<br \/>\nmonths. The index for used cars and trucks increased 41.7 percent over the span.<br \/>\nThe index for new vehicles rose 6.4 percent, the largest 12-month increase since<br \/>\nthe period ending January 1982. The shelter index increased 2.8 percent over the<br \/>\nlast 12 months, and the medical care index rose only 0.3 percent. Few major<br \/>\ncomponent indexes declined over the past 12 months.<\/p>\n<p>Not seasonally adjusted CPI measures<\/p>\n<p>The Consumer Price Index for All Urban Consumers (CPI-U) increased 5.4 percent<br \/>\nover the last 12 months to an index level of 273.003 (1982-84=100). For the month,<br \/>\nthe index increased 0.5 percent prior to seasonal adjustment.<\/p>\n<p>The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W)<br \/>\nincreased 6.0 percent over the last 12 months to an index level of 267.789<br \/>\n(1982-84=100). For the month, the index rose 0.5 percent prior to seasonal<br \/>\nadjustment.<\/p>\n<p>The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 5.3<br \/>\npercent over the last 12 months. For the month, the index increased 0.5 percent<br \/>\non a not seasonally adjusted basis. Please note that the indexes for the past 10<br \/>\nto 12 months are subject to revision.<br \/>\n_______________<br \/>\nThe Consumer Price Index for August 2021 is scheduled to be released on Tuesday,<br \/>\nSeptember 14, 2021 at 8:30 a.m. (ET).<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Washington, DC&#8230;The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent in July on a seasonally adjusted basis after rising 0.9 percent in June, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 5.4 percent before seasonal adjustment. The indexes for shelter, food, energy, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_cbd_carousel_blocks":"[]","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,20,149,5,1],"tags":[],"class_list":["post-126652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-featured","category-financial","category-government","category-news","last_archivepost"],"jetpack_featured_media_url":"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2015\/07\/blslogo.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/126652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126652"}],"version-history":[{"count":0,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/126652\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/media\/6322"}],"wp:attachment":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}