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Consumer prices up 2.7 percent over year ended August 2018
September 18, 2018
Over the 12 months from August 2017 to August 2018, the Consumer Price Index for All Urban Consumers (CPI-U) rose 2.7 percent, not seasonally adjusted. The August increase was smaller than the 2.9 percent increase for the 12 months ending July 2018.
Consumer Price Index for All Urban Consumers, 12-month percent change, by expenditure category, August 2018
Expenditure category
12-month percent change, August 2017–August 2018
Relative importance, July 2018
All items
2.7%
100.000%
Food
1.4
13.224
Food at home
0.5
7.259
Cereals and bakery products
0.3
0.955
Meats, poultry, fish, and eggs
1.1
1.610
Dairy and related products
0.0
0.723
Fruits and vegetables
0.9
1.279
Nonalcoholic beverages and beverage materials
0.2
0.857
Other food at home
0.1
1.835
Food away from home
2.6
5.965
Energy
10.2
8.079
Energy commodities
20.4
4.634
Fuel oil
30.9
0.117
Motor fuel
20.3
4.445
Gasoline (all types)
20.3
4.351
Energy services
-0.4
3.445
Electricity
-0.5
2.688
Utility (piped) gas service
0.1
0.756
All items less food and energy
2.2
78.697
Commodities less food and energy commodities
-0.2
19.582
Apparel
-1.4
3.006
New vehicles
0.3
3.722
Used cars and trucks
1.3
2.429
Medical care commodities
0.3
1.719
Alcoholic beverages
1.4
0.959
Tobacco and smoking products
3.3
0.647
Services less energy services
3.0
59.115
Shelter
3.4
32.811
Medical care services
1.9
6.897
Transportation services
3.9
5.967
Note: These data are not seasonally adjusted.
Prices for food, which had a relative importance weight of 13.2 percent, increased 1.4 percent over the 12 months ended August 2018. Prices for food at home rose 0.5 percent. Prices for meats, poultry, fish, and eggs increased 1.1 percent over the last year, the largest increase among the six major grocery store food groups. Prices for food away from home increased 2.6 percent.
Prices for energy, which had a relative importance weight of 8.1 percent, increased 10.2 percent over the past year. Motor fuel prices (which include gasoline) increased 20.3 percent and fuel oil prices rose 30.9 percent. Electricity prices decreased 0.5 percent.
Prices for all items less food and energy, which accounted for 78.7 percent of consumer spending, rose 2.2 percent over the past 12 months. Shelter prices rose 3.4 percent over the last 12 months, prices for medical care services increased 1.9 percent, while transportation services prices were up 3.9 percent.
United States Department of Labor
