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The Consumer Price Index rose 6.8 percent from November 2020 November 2021, the largest 12-month increase since the period ending June 1982. Energy prices rose 33.3 percent over the last year, and food prices increased 6.1 percent.
Category | Percent change |
---|---|
All items |
6.8% |
Food |
6.1 |
Food at home |
6.4 |
Cereals and bakery products |
4.6 |
Meats, poultry, fish, and eggs |
12.8 |
Dairy and related products |
1.6 |
Fruits and vegetables |
4.0 |
Nonalcoholic beverages and beverage materials |
5.3 |
Other food at home |
5.7 |
Food away from home |
5.8 |
Full service meals and snacks |
6.0 |
Limited service meals and snacks |
7.9 |
Energy |
33.3 |
Energy commodities |
57.5 |
Fuel oil |
59.3 |
Gasoline (all types) |
58.1 |
Energy services |
10.7 |
Electricity |
6.5 |
Natural gas (piped) |
25.1 |
All items less food and energy |
4.9 |
Commodities less food and energy commodities |
9.4 |
Apparel |
5.0 |
New vehicles |
11.1 |
Used cars and trucks |
31.4 |
Medical care commodities |
0.2 |
Alcoholic beverages |
1.9 |
Tobacco and smoking products |
8.9 |
Services less energy services |
3.4 |
Shelter |
3.9 |
Rent of primary residence |
3.0 |
Owners' equivalent rent of residences |
3.5 |
Medical care services |
2.1 |
Physicians' services |
4.3 |
Hospital services |
3.5 |
Transportation services |
3.9 |
Motor vehicle maintenance and repair |
4.9 |
Motor vehicle insurance |
5.7 |
Airline fares |
-3.7 |
All the major energy component prices saw large increases over the year. Gasoline prices rose 58.1 percent since last year, the largest increase since April 1980. Fuel oil prices increased sharply over the year, rising 59.3 percent. Natural gas prices rose 25.1 percent over the last 12 months, and electricity prices rose 6.5 percent.
Prices for all items less food and energy rose 4.9 percent over the past 12 months. Used cars and trucks (31.4 percent) and new vehicles (11.1 percent, the largest 12-month increase since the period ending December 1974) were among the greatest increases in prices in this category for the year ended November 2021. Prices rising less sharply include rent of primary residence (3.0 percent) and medical care (2.1 percent). The only major component index to decline over the past year was airline fares (−3.7 percent).
These data are from the Consumer Price Index program and are not seasonally adjusted. To learn more, see "Consumer Price Index — November 2021." Also, see more charts on consumer prices.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer prices up 6.8 percent for year ended November 2021 at https://www.bls.gov/opub/ted/2021/consumer-prices-up-6-8-percent-for-year-ended-november-2021.htm (visited October 31, 2024).