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Consumer prices up 5.4 percent in 12 months ended July 2021

August 16, 2021

Over the 12 months ended July 2021, the Consumer Price Index for All Urban Consumers increased 5.4 percent. Food prices increased 3.4 percent over the last 12 months. Within the food category, food at home prices rose 2.6 percent, including a 5.9-percent increase in prices for meat, poultry, fish, and eggs. Food away from home increased 4.6 percent over this period.

Over-the-year percent changes in consumer prices, by expenditure category, July 2021
Expenditure category Over-the-year percent change Relative importance

All items

5.4% 100

Food

3.4 13.8

Food at home

2.6 7.6

Cereals and bakery products

1.5 1.0

Meats, poultry, fish, and eggs

5.9 1.8

Dairy and related products

1.8 0.8

Fruits and vegetables

2.2 1.3

Nonalcoholic beverages and beverage materials

1.1 0.9

Other food at home

1.3 1.9

Food away from home

4.6 6.2

Energy

23.8 7.2

Energy commodities

41.2 4.0

Fuel oil

39.1 0.1

Motor fuel

41.6 3.8

Gasoline all types

41.8 3.7

Energy services

7.2 3.2

Electricity

4.0 2.5

Utility piped gas service

19.0 0.7

All items less food and energy

4.3 79.0

Commodities less food and energy commodities

8.5 20.7

Apparel

4.2 2.7

New vehicles

6.4 3.7

Used cars and trucks

41.7 3.5

Medical care commodities

-2.1 1.5

Alcoholic beverages

2.4 1.0

Tobacco and smoking products

6.4 0.6

Services less energy services

2.9 58.3

Shelter

2.8 32.6

Rent of primary residence

1.9 7.6

Owners' equivalent rent of residences

2.4 23.6

Medical care services

0.8 7.1

Physicians' services

3.9 1.8

Hospital services

2.8 2.2

Transportation services

6.4 5.3

Motor vehicle maintenance and repair

4.1 1.1

Motor vehicle insurance

1.6 1.6

Airline fares

19.0 0.8

Energy prices were up 23.8 percent from July 2020 to July 2021. Prices for energy commodities were 41.2 percent higher in July 2021 compared with a year earlier. Prices for energy services were up 7.2 percent over this 12-month period.

Prices for all items less food and energy increased 4.3 percent over the last 12 months. Within this category, shelter prices rose 2.8 percent. Medical care prices increased 0.8 percent. Prices for used cars and trucks increased 41.7 percent over the year while prices for new vehicles increased 6.4 percent.

These data are from the Consumer Price Index program and are not seasonally adjusted. To learn more, see "Consumer Price Index — July 2021." Also see more charts on consumer prices.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer prices up 5.4 percent in 12 months ended July 2021 at https://www.bls.gov/opub/ted/2021/consumer-prices-up-5-4-percent-in-12-months-ended-july-2021.htm (visited September 18, 2021).

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