Consumer Price Index unchanged over the month, up 8.5 percent over the year, in July 2022 : The Economics Daily: U.S – Bureau of Labor Statistics

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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).
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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.
All items
Food
Food at home
Cereals and bakery products
Meats, poultry, fish, and eggs
Dairy and related products
Fruits and vegetables
Nonalcoholic beverages and beverage materials
Other food at home
Food away from home
Full service meals and snacks
Limited service meals and snacks
Energy
Energy commodities
Fuel oil
Gasoline (all types)
Energy services
Electricity
Natural gas (piped)
All items less food and energy
Commodities less food and energy commodities
Apparel
New vehicles
Used cars and trucks
Medical care commodities
Alcoholic beverages
Tobacco and smoking products
Services less energy services
Shelter
Rent of primary residence
Owners’ equivalent rent of residences
Medical care services
Physicians’ services
Hospital services
Transportation services
Motor vehicle maintenance and repair
Motor vehicle insurance
Airline fares
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.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer Price Index unchanged over the month, up 8.5 percent over the year, in July 2022 at https://www.bls.gov/opub/ted/2022/consumer-price-index-unchanged-over-the-month-up-8-5-percent-over-the-year-in-july-2022.htm (visited September 16, 2022).

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