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Over the year ended July 2024, the Consumer Price Index for All Urban Consumers increased 2.9 percent. This was the first time since March 2021 that 12-month increase was below 3.0 percent, when prices rose 2.6 percent. Food prices rose 2.2 percent from July 2023 to July 2024, compared with increases of 4.9 percent from July 2022 to July 2023 and 10.9 percent from July 2021 to July 2022. read more »
This article examines the level of homogeneity of inflation across the income distribution, grouping households by equivalized-income quintile. read more »
This Beyond the Numbers article examines trends for major CPI categories, such as food and beverages, energy, and all items less food and energy, in 2023. The article also highlights subcategories that made notable changes or had some effect on the major categories. read more »