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Consumer prices up 3.0 percent over the year ended June 2023

July 17, 2023

Over the year ended June 2023, consumer prices increased 3.0 percent, after increasing 4.0 percent over the year ended in May 2023. The June 2023 increase was the smallest 12-month increase since March 2021. A year earlier, in June 2022, the 12-month increase in overall prices was 9.1 percent, and had been 7.0 percent or higher in the preceding 6 months.

12-month change, Consumer Price Index for All Urban Consumers, by expenditure category, January 2018–June 2023
MonthAll itemsFood at homeFood away from homeGasoline (all types)Fuel oilElectricityUtility (piped) gasNew vehiclesUsed cars and trucksApparelMedical care commodities

Jan 2018

2.11.02.58.522.52.40.2-1.2-0.6-0.71.8

Feb 2018

2.20.52.612.620.72.23.8-1.5-0.10.41.6

Mar 2018

2.40.42.511.120.02.23.4-1.20.40.31.4

Apr 2018

2.50.52.513.422.61.21.0-1.6-0.90.81.9

May 2018

2.80.12.721.825.31.0-0.8-1.1-1.71.42.7

Jun 2018

2.90.42.824.330.8-0.1-2.1-0.5-0.70.62.4

Jul 2018

2.90.42.825.434.7-0.8-1.30.20.80.30.4

Aug 2018

2.70.52.620.330.9-0.50.10.31.3-1.40.3

Sep 2018

2.30.42.69.123.4-1.2-1.20.5-1.5-0.60.7

Oct 2018

2.50.12.516.126.20.7-2.10.50.4-0.40.7

Nov 2018

2.20.42.65.016.10.6-2.10.32.3-0.40.6

Dec 2018

1.90.62.8-2.11.91.12.3-0.31.4-0.1-0.5

Jan 2019

1.60.62.8-10.1-8.10.44.30.01.60.1-0.3

Feb 2019

1.51.22.9-9.1-2.40.0-2.60.31.1-0.8-1.1

Mar 2019

1.91.43.0-0.7-0.40.3-1.40.70.4-2.2-0.6

Apr 2019

2.00.73.13.1-0.90.6-1.91.20.8-3.00.2

May 2019

1.81.22.9-0.2-0.8-0.2-2.60.90.3-3.1-0.7

Jun 2019

1.60.93.1-5.4-5.6-0.3-2.10.61.2-1.3-1.5

Jul 2019

1.80.63.2-3.3-6.00.5-2.90.31.5-0.5-0.4

Aug 2019

1.70.53.2-7.1-8.4-0.1-3.50.22.11.00.1

Sep 2019

1.70.63.2-8.2-8.50.7-2.70.12.6-0.3-0.3

Oct 2019

1.81.03.3-7.3-10.60.40.20.11.4-2.31.0

Nov 2019

2.11.03.2-1.2-6.70.51.1-0.1-0.4-1.60.6

Dec 2019

2.30.73.17.94.6-0.4-3.50.1-0.7-1.22.5

Jan 2020

2.50.73.112.86.50.5-3.20.1-2.0-1.31.7

Feb 2020

2.30.83.05.6-5.90.6-2.00.4-1.3-0.91.8

Mar 2020

1.51.13.0-10.2-20.10.2-2.9-0.40.1-1.61.3

Apr 2020

0.34.12.8-32.0-33.20.2-1.9-0.6-0.7-5.70.7

May 2020

0.14.82.9-33.8-37.5-0.2-0.3-0.3-0.4-7.90.8

Jun 2020

0.65.63.1-23.4-29.90.1-0.2-0.2-2.8-7.31.3

Jul 2020

1.04.63.4-20.3-27.2-0.1-0.30.5-0.9-6.51.1

Aug 2020

1.34.63.5-16.8-23.6-0.1-0.50.74.0-5.90.8

Sep 2020

1.44.13.8-15.4-27.20.73.81.010.3-6.00.9

Oct 2020

1.24.03.9-18.0-28.21.31.81.511.5-5.5-0.8

Nov 2020

1.23.63.8-19.3-26.41.64.41.610.9-5.2-1.1

Dec 2020

1.43.93.9-15.2-20.02.24.12.010.0-3.9-2.5

Jan 2021

1.43.73.9-8.6-16.51.54.31.410.0-2.5-2.3

Feb 2021

1.73.53.71.5-0.52.36.71.29.3-3.6-2.5

Mar 2021

2.63.33.722.520.22.59.81.59.4-2.5-2.4

Apr 2021

4.21.23.849.637.33.612.12.021.01.9-1.7

May 2021

5.00.74.056.250.84.213.53.329.75.6-1.9

Jun 2021

5.40.94.245.144.53.815.65.345.24.9-2.2

Jul 2021

5.42.64.641.839.14.019.06.441.74.2-2.1

Aug 2021

5.33.04.742.733.25.221.17.631.94.2-2.5

Sep 2021

5.44.54.742.142.65.220.68.724.43.4-1.6

Oct 2021

6.25.45.349.659.16.528.19.826.44.3-0.4

Nov 2021

6.86.45.858.159.36.525.111.131.45.00.2

Dec 2021

7.06.56.049.641.06.324.111.837.35.80.4

Jan 2022

7.57.46.440.046.510.723.912.240.55.31.4

Feb 2022

7.98.66.838.043.69.023.812.441.26.62.5

Mar 2022

8.510.06.948.070.111.121.612.535.36.82.7

Apr 2022

8.310.87.243.680.511.022.713.222.75.42.1

May 2022

8.611.97.448.7106.712.030.212.616.15.02.4

Jun 2022

9.112.27.759.998.513.738.411.47.15.23.2

Jul 2022

8.513.17.644.075.615.230.510.46.65.13.7

Aug 2022

8.313.58.025.668.815.833.010.17.85.14.1

Sep 2022

8.213.08.518.258.115.533.19.47.25.53.7

Oct 2022

7.712.48.617.568.514.120.08.42.04.13.1

Nov 2022

7.112.08.510.165.713.715.57.2-3.33.63.1

Dec 2022

6.511.88.3-1.541.514.319.35.9-8.82.93.2

Jan 2023

6.411.38.21.527.711.926.75.8-11.63.13.4

Feb 2023

6.010.28.4-2.09.212.914.35.8-13.63.33.2

Mar 2023

5.08.48.8-17.4-14.210.25.56.1-11.23.33.6

Apr 2023

4.97.18.6-12.2-20.28.4-2.15.4-6.63.64.0

May 2023

4.05.88.3-19.7-37.05.9-11.04.7-4.23.54.4

Jun 2023

3.04.77.7-26.5-36.65.4-18.64.1-5.23.14.2
12-month change, Consumer Price Index for All Urban Consumers, by expenditure category, January 2018–June 2023
MonthShelterTransportation servicesMedical care services

Jan 2018

3.24.02.0

Feb 2018

3.14.51.8

Mar 2018

3.34.32.1

Apr 2018

3.44.12.2

May 2018

3.53.82.3

Jun 2018

3.43.72.5

Jul 2018

3.54.02.3

Aug 2018

3.43.91.9

Sep 2018

3.34.02.0

Oct 2018

3.23.81.9

Nov 2018

3.23.32.4

Dec 2018

3.22.82.6

Jan 2019

3.22.02.4

Feb 2019

3.41.12.4

Mar 2019

3.41.02.3

Apr 2019

3.41.12.3

May 2019

3.31.12.8

Jun 2019

3.50.92.8

Jul 2019

3.50.73.3

Aug 2019

3.40.94.3

Sep 2019

3.50.84.4

Oct 2019

3.30.85.1

Nov 2019

3.30.85.1

Dec 2019

3.20.65.1

Jan 2020

3.30.75.1

Feb 2020

3.31.25.3

Mar 2020

3.0-0.75.5

Apr 2020

2.6-5.55.8

May 2020

2.5-8.75.9

Jun 2020

2.4-7.06.0

Jul 2020

2.3-3.75.9

Aug 2020

2.3-4.05.3

Sep 2020

2.0-5.14.9

Oct 2020

2.0-5.13.7

Nov 2020

1.9-3.43.2

Dec 2020

1.8-3.52.8

Jan 2021

1.6-4.12.9

Feb 2021

1.5-4.43.0

Mar 2021

1.7-1.62.7

Apr 2021

2.15.62.2

May 2021

2.211.21.5

Jun 2021

2.610.41.0

Jul 2021

2.86.40.8

Aug 2021

2.84.61.0

Sep 2021

3.24.40.9

Oct 2021

3.54.51.7

Nov 2021

3.83.92.1

Dec 2021

4.14.22.5

Jan 2022

4.45.62.7

Feb 2022

4.76.62.4

Mar 2022

5.07.72.9

Apr 2022

5.18.53.5

May 2022

5.57.94.0

Jun 2022

5.68.84.8

Jul 2022

5.79.25.1

Aug 2022

6.211.35.6

Sep 2022

6.614.66.5

Oct 2022

6.915.25.4

Nov 2022

7.114.24.4

Dec 2022

7.514.64.1

Jan 2023

7.914.63.0

Feb 2023

8.114.62.1

Mar 2023

8.213.91.0

Apr 2023

8.111.00.4

May 2023

8.010.2-0.1

Jun 2023

7.88.2-0.8

Over the the 12 months ended June 2023, prices for food at home increased 4.7 percent, compared with a 12-month increase of 13.5 percent for the year ended August 2022. Prices for food away from home increased 7.7 percent for the year ended June 2023.

Gasoline prices decreased 26.5 percent over the most recent 12 months, while natural gas prices fell 18.6 percent, and fuel oil prices fell 36.6 percent. Electricity prices rose 5.4 percent over the most recent 12 months. Gasoline prices increased 59.9 over the year ended June 2022. Natural gas prices increased 106.7 over the year ended May 2022.

The 12-month increase in prices for new vehicles was 4.1 percent in June 2023, compared with 13.2 percent in April 2022. Used car and truck prices were 5.2 percent lower in June 2023 compared with a year earlier, and have been decreasing since November 2022, as measured by 12-month change. Used car and truck prices increased 45.2 over the year ended June 2021.

These data are from the Consumer Price Index program and are not seasonally adjusted. To learn more, see "Consumer Price Index — June 2023." Also see more charts related to the latest Consumer Price Index news release.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer prices up 3.0 percent over the year ended June 2023 at https://www.bls.gov/opub/ted/2023/consumer-prices-up-3-0-percent-over-the-year-ended-june-2023.htm (visited May 24, 2024).

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