Consumer prices up 2.9 percent over 12 months ended June 2018

July 16, 2018

From June 2017 to June 2018, the Consumer Price Index for All Urban Consumers (CPI-U) rose 2.9 percent, the largest 12-month increase since the period ending February 2012. Over that period, energy prices rose 12.0 percent, the largest 12-month increase since the period ending February 2017.

12-month percentage change in the Consumer Price Index for All Urban Consumers, all items and selected indexes, June 2008–June 2018
Month All items All items less food and energy Food Energy

Jun 2008

5.0% 2.4% 5.3% 24.7%

Jul 2008

5.6 2.5 6.0 29.3

Aug 2008

5.4 2.5 6.1 27.2

Sep 2008

4.9 2.5 6.2 23.1

Oct 2008

3.7 2.2 6.3 11.5

Nov 2008

1.1 2.0 6.0 -13.3

Dec 2008

0.1 1.8 5.9 -21.3

Jan 2009

0.0 1.7 5.3 -20.4

Feb 2009

0.2 1.8 4.8 -18.5

Mar 2009

-0.4 1.8 4.4 -23.0

Apr 2009

-0.7 1.9 3.3 -25.2

May 2009

-1.3 1.8 2.7 -27.3

Jun 2009

-1.4 1.7 2.1 -25.5

Jul 2009

-2.1 1.5 0.9 -28.1

Aug 2009

-1.5 1.4 0.4 -23.0

Sep 2009

-1.3 1.5 -0.2 -21.6

Oct 2009

-0.2 1.7 -0.6 -14.0

Nov 2009

1.8 1.7 -0.7 7.4

Dec 2009

2.7 1.8 -0.5 18.2

Jan 2010

2.6 1.6 -0.4 19.1

Feb 2010

2.1 1.3 -0.2 14.4

Mar 2010

2.3 1.1 0.2 18.3

Apr 2010

2.2 0.9 0.5 18.5

May 2010

2.0 0.9 0.7 14.7

Jun 2010

1.1 0.9 0.7 3.0

Jul 2010

1.2 0.9 0.9 5.2

Aug 2010

1.1 0.9 1.0 3.8

Sep 2010

1.1 0.8 1.4 3.8

Oct 2010

1.2 0.6 1.4 5.9

Nov 2010

1.1 0.8 1.5 3.9

Dec 2010

1.5 0.8 1.5 7.7

Jan 2011

1.6 1.0 1.8 7.3

Feb 2011

2.1 1.1 2.3 11.0

Mar 2011

2.7 1.2 2.9 15.5

Apr 2011

3.2 1.3 3.2 19.0

May 2011

3.6 1.5 3.5 21.5

Jun 2011

3.6 1.6 3.7 20.1

Jul 2011

3.6 1.8 4.2 19.0

Aug 2011

3.8 2.0 4.6 18.4

Sep 2011

3.9 2.0 4.7 19.3

Oct 2011

3.5 2.1 4.7 14.2

Nov 2011

3.4 2.2 4.6 12.4

Dec 2011

3.0 2.2 4.7 6.6

Jan 2012

2.9 2.3 4.4 6.1

Feb 2012

2.9 2.2 3.9 7.0

Mar 2012

2.7 2.3 3.3 4.6

Apr 2012

2.3 2.3 3.1 0.9

May 2012

1.7 2.3 2.8 -3.9

Jun 2012

1.7 2.2 2.7 -3.9

Jul 2012

1.4 2.1 2.3 -5.0

Aug 2012

1.7 1.9 2.0 -0.6

Sep 2012

2.0 2.0 1.6 2.3

Oct 2012

2.2 2.0 1.7 4.0

Nov 2012

1.8 1.9 1.8 0.3

Dec 2012

1.7 1.9 1.8 0.5

Jan 2013

1.6 1.9 1.6 -1.0

Feb 2013

2.0 2.0 1.6 2.3

Mar 2013

1.5 1.9 1.5 -1.6

Apr 2013

1.1 1.7 1.5 -4.3

May 2013

1.4 1.7 1.4 -1.0

Jun 2013

1.8 1.6 1.4 3.2

Jul 2013

2.0 1.7 1.4 4.7

Aug 2013

1.5 1.8 1.4 -0.1

Sep 2013

1.2 1.7 1.4 -3.1

Oct 2013

1.0 1.7 1.3 -4.8

Nov 2013

1.2 1.7 1.2 -2.4

Dec 2013

1.5 1.7 1.1 0.5

Jan 2014

1.6 1.6 1.1 2.1

Feb 2014

1.1 1.6 1.4 -2.5

Mar 2014

1.5 1.7 1.7 0.4

Apr 2014

2.0 1.8 1.9 3.3

May 2014

2.1 2.0 2.5 3.3

Jun 2014

2.1 1.9 2.3 3.2

Jul 2014

2.0 1.9 2.5 2.6

Aug 2014

1.7 1.7 2.7 0.4

Sep 2014

1.7 1.7 3.0 -0.6

Oct 2014

1.7 1.8 3.1 -1.6

Nov 2014

1.3 1.7 3.2 -4.8

Dec 2014

0.8 1.6 3.4 -10.6

Jan 2015

-0.1 1.6 3.2 -19.6

Feb 2015

0.0 1.7 3.0 -18.8

Mar 2015

-0.1 1.8 2.3 -18.3

Apr 2015

-0.2 1.8 2.0 -19.4

May 2015

0.0 1.7 1.6 -16.3

Jun 2015

0.1 1.8 1.8 -15.0

Jul 2015

0.2 1.8 1.6 -14.8

Aug 2015

0.2 1.8 1.6 -15.0

Sep 2015

0.0 1.9 1.6 -18.4

Oct 2015

0.2 1.9 1.6 -17.1

Nov 2015

0.5 2.0 1.3 -14.7

Dec 2015

0.7 2.1 0.8 -12.6

Jan 2016

1.4 2.2 0.8 -6.5

Feb 2016

1.0 2.3 0.9 -12.5

Mar 2016

0.9 2.2 0.8 -12.6

Apr 2016

1.1 2.1 0.9 -8.9

May 2016

1.0 2.2 0.7 -10.1

Jun 2016

1.0 2.2 0.3 -9.4

Jul 2016

0.8 2.2 0.2 -10.9

Aug 2016

1.1 2.3 0.0 -9.2

Sep 2016

1.5 2.2 -0.3 -2.9

Oct 2016

1.6 2.1 -0.4 0.1

Nov 2016

1.7 2.1 -0.4 1.1

Dec 2016

2.1 2.2 -0.2 5.4

Jan 2017

2.5 2.3 -0.2 10.8

Feb 2017

2.7 2.2 0.0 15.2

Mar 2017

2.4 2.0 0.5 10.9

Apr 2017

2.2 1.9 0.5 9.3

May 2017

1.9 1.7 0.9 5.4

Jun 2017

1.6 1.7 0.9 2.3

Jul 2017

1.7 1.7 1.1 3.4

Aug 2017

1.9 1.7 1.1 6.4

Sep 2017

2.2 1.7 1.2 10.1

Oct 2017

2.0 1.8 1.3 6.4

Nov 2017

2.2 1.7 1.4 9.4

Dec 2017

2.1 1.8 1.6 6.9

Jan 2018

2.1 1.8 1.7 5.5

Feb 2018

2.2 1.8 1.4 7.7

Mar 2018

2.4 2.1 1.3 7.0

Apr 2018

2.5 2.1 1.4 7.9

May 2018

2.8 2.2 1.2 11.7

Jun 2018

2.9 2.3 1.4 12.0

Food prices increased 1.4 percent for the year ended June 2018. Prices for food at home increased 0.4 percent, while prices for food away from home rose 2.8 percent.

Prices for five of the six major grocery store food groups rose over the past year; meats, poultry, fish, and eggs (up 1.2 percent) was the only group for which prices rose more than 0.5 percent.

From June 2017 to June 2018, prices for all items less food and energy rose 2.3 percent. Shelter prices rose 3.4 percent over that period, while medical care prices rose 2.5 percent. Over the past 12 months, airline fares and prices for new vehicles, used cars and trucks, and communication decreased.

Within energy, fuel oil prices rose sharply, increasing 30.8 percent from June 2017 to June 2018. In contrast, natural gas prices declined 2.1 percent, and electricity prices decreased slightly, falling 0.1 percent.

These data are from the Consumer Price Index program and are not seasonally adjusted. For more information, see "Consumer Price Index — June 2018." Also see Charts related to the latest "U.S. Consumer Price Index" news release.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer prices up 2.9 percent over 12 months ended June 2018 on the Internet at https://www.bls.gov/opub/ted/2018/consumer-prices-up-2-point-9-percent-over-12-months-ended-june-2018.htm (visited August 17, 2018).

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