Jamie Pentagulio

The Bureau of Labor Statistics (BLS) released July 2023 Consumer Price Index (CPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis):

  • All items increased 1.0% in the last month and rose 2.8% in the last twelve months
  • Food at home increased 0.4% from June and increased 3.6% since July 2022
  • Cereals + bakery products increased 0.6% in the last month and increased 5.8% in the last twelve months
  • Meats, poultry, fish + eggs increased 0.8% since June and rose 0.9% from July 2022
  • Dairy + related products rose by 0.3% in the last month and increased 1.3% in the last twelve months
  • Fruits + vegetables increased 0.3% from June and increased 2.9% since July 2022 =LH4/LC4
  • Other foods rose 0.5% in the last month and increased 4.7% in the last twelve months  =LK4/KV4-1
  • Gasoline (all types) rose 0.6% since June and decreased 19.9% from July 2022
  • All items, less food and energy, decreased 4% in the last month and increased 0.7% in the last twelve months
  • Apparel decreased 1.0% from June and rose 3.2% since July 2022
  • New vehicles rose by 0.1% in the last month and increased 3.5% in the last twelve months
  • Used cars + trucks rose 0.2% since June and fell 5.6% from July 2022
  • Motor vehicle parts + equipment decreased 0.4% in the last month and rose 2.9% in the last twelve months
  • Medical care commodities rose 0.5% from June and increased 4.1% since July 2022
  • Alcoholic beverages fell 0.1% in the last month and rose 2.7% in the last twelve months
  • Tobacco + smoking products rose 0.5 % since June and increased 6.1% from July 2022
  • Personal care products increased 0.5% in the lat month and rose 6.3% in the last twelve months

BLS CPI Historical Annual Inflation Rate Averages Through July 2023:

BLS CPI Historical Annual Inflation Rate Averages Through July 2023 Table For Selected Categories

BLS CPI CodeBLS CPI Category Description1MYTD1 YR 7/233Y 7/235YR 7/2310YR 7/2320Y 7/23
SAFFOOD & BEVERAGES2.1%1.7%2.5%2.2%1.5%6.0%4.7%
SAF11Food at home1.5%1.2%2.2%1.5%1.6%5.8%4.7%
SAF114Nonalcoholic beverages & beverage materials1.0%2.9%1.5%1.6%2.2%6.4%5.1%
SEFNJuices & nonalcoholic drinks1.5%3.3%1.6%2.2%1.1%6.6%5.5%
SEFN01Carbonated drinks1.9%2.1%2.2%1.1%1.2%6.5%5.8%
SEFN03Nonfrozen noncarbonated juices & drinks1.2%4.0%1.1%1.2%1.8%6.6%5.3%
SEFPBeverage materials including coffee & tea-0.2%2.1%1.2%1.8%0.9%6.1%4.1%
SEFP02Other beverage materials including tea0.5%2.6%0.9%1.8%1.5%5.8%4.1%
SAF115Other food at home1.4%2.7%1.8%1.5%1.4%7.2%5.1%
SEFT06Other miscellaneous foods1.5%1.1%1.5%1.4%2.1%7.0%5.3%
SEFWAlcoholic beverages at home1.1%1.1%1.4%2.1%0.9%2.6%2.2%
SEFW01Beer, ale & other malt beverages at home1.7%1.0%2.1%0.9%0.7%4.0%3.5%
SEFW02Distilled spirits at home0.8%0.3%0.9%0.7%5.7%1.9%1.6%
SEFW03Wine at home0.4%1.5%0.7%5.7%0.3%1.6%1.2%
SEHEFUEL OIL & OTHER FUELS0.1%-17.5%5.7%0.3%-0.1%17.1%3.7%
SAH3HOUSEHOLD FURNISHINGS & OPERATIONS0.9%1.8%0.3%-0.1%2.1%5.7%4.1%
SAM1MEDICAL CARE COMMODITIES1.5%2.9%2.1%8.4%1.7%1.2%
SEMFMedicinal drugs1.6%2.9%8.4%1.6%1.1%
SEMF01Prescription drugs2.0%2.6%8.4%1.0%0.8%
SEMF02Nonprescription drugs-0.2%3.4%0.9%3.2%2.1%
SEMGMedical equipment and supplies-0.2%4.0%0.9%4.3%2.9%2.0%
SEEAEDUCATIONAL BOOKS & SUPPLIES2.4%-1.8%2.6%5.7%0.1%1.1%0.1%
SEGATOBACCO & SMOKING PRODUCTS4.4%3.2%6.7%0.1%-0.9%6.9%6.0%
SEGBPERSONAL CARE PRODUCTS-0.1%3.2%6.7%-0.9%2.7%3.5%1.8%
SEGEMISCELLANEOUS PERSONAL GOODS-0.9%1.0%8.7%2.7%-4.4%4.3%3.6%
SAGOTHER GOODS AND SERVICES2.2%3.6%6.1%-4.4%1.7%5.2%3.9%
SEREOther recreational goods-4.7%2.7%1.6%1.7%#N/A2.0%-0.8%
SERGRecreational reading materials2.1%1.9%-0.1%#N/A#N/A2.2%3.2%
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