The Bureau of Labor Statistics of the U.S. Department of Labor is the principal Federal agency responsible for measuring labor market activity, working conditions, and price changes in the economy.
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CONSUMER PRICE INDEX – JULY 2021
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent in July on a
seasonally adjusted basis after rising 0.9 percent in June, the U.S. Bureau of Labor Statistics reported
today. Over the last 12 months, the all items index increased 5.4 percent before seasonal adjustment.
The indexes for shelter, food, energy, and new vehicles all increased in July and contributed to the
monthly all items seasonally adjusted increase. The food index increased 0.7 percent in July as five of
the major grocery store food group indexes rose, and the food away from home index increased 0.8
percent. The energy index rose 1.6 percent in July, as the gasoline index increased 2.4 percent and other
energy component indexes also rose.
The index for all items less food and energy rose 0.3 percent in July after increasing 0.9 percent in June.
Along with shelter and new vehicles, the indexes for recreation, for medical care, and for personal care
increased in July. The index for used cars also increased in July, but the 0.2-percent advance was much
smaller than in recent months. The index for motor vehicle insurance declined in July, and the index for
airline fares fell slightly.
The all items index rose 5.4 percent for the 12 months ending July, the same increase as the period
ending June. The index for all items less food and energy rose 4.3 percent over the last 12 months, while
the energy index rose 23.8 percent. The food index increased 3.4 percent for the 12 months ending July,
compared to a 2.4-percent rise for the period ending June.
Chart 1. One-month percent change in CPI for All Urban Consumers (CPI-U), seas