Jamie Pentagulio

The Bureau of Labor Statistics (BLS) released June 2022 Consumer Price Indexes (CPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis):

  • All items increased 1.4% over the last month and rose 9.1% over the last twelve months
  • Commodities, less food + energy commodities, increased 0.8% from May 2022 and rose 7.2% since June 2021
  • Energy commodities increased 9.3% in the last month and rose 60.6% in the last twelve months
  • Food at home rose 1.0% since May 2022 and increased 12.2% since June 2021
  • Cereals + bakery products rose 2.0% in the last month and increased 13.8% in the last twelve months
  • Meats, poultry, fish + eggs rose 0.4% from May 2022 and increased 11.7% since June 2021
  • Dairy + related products rose 1.4% in the last month and increased 13.5% in the last twelve months
  • Beverage materials, including coffee + tea, increased 1.0% from May 2022 and rose 12.4% since June 2021
  • Household paper products increased 2.2% in the last month and rose 9.4% in the last twelve months
  • Apparel decreased 0.3% from May 2022 and rose 5.2% since June 2021
  • New vehicles rose 0.7% in the last month and increased 11.4% in the lats twelve months
  • Used cars + trucks increased 2.2% from May 2022 and rose 7.1% since June 2021
  • Motor vehicle parts + equipment rose 0.4% in the last month and increased 14.9% in the last twelve months

BLS CPI Historical Annual Inflation Rate Averages Through June 2022

BLS CPI Historical Annual Inflation Rate Averages Through June 2022 Table For Selected Categories

BLS CPI CodeBLS CPI Category Description1M 06/22YTD 06/221Y 06/223Y 06/225Y 06/2210Y 06/2220YR 06/22
SAFFOOD & BEVERAGES1.0%6.1%10.0%5.5%3.9%2.6%2.7%
SAF11Food at home1.0%8.0%12.2%6.2%3.9%2.1%2.5%
SAF114Nonalcoholic beverages & beverage materials0.9%7.6%11.9%5.7%3.7%1.7%1.9%
SEFNJuices & nonalcoholic drinks0.8%6.3%11.6%6.0%4.1%2.1%2.0%
SEFN01Carbonated drinks-0.1%5.3%11.0%6.3%4.4%2.4%2.5%
SEFN03Nonfrozen noncarbonated juices & drinks1.4%7.0%12.1%5.8%3.8%1.8%1.4%
SEFPBeverage materials including coffee & tea1.0%10.7%12.4%4.9%2.9%0.8%1.8%
SEFP02Other beverage materials including tea1.0%8.2%6.4%3.8%2.7%1.4%1.4%
SAF115Other food at home1.9%9.2%14.4%5.9%3.7%1.9%2.3%
SEFT06Other miscellaneous foods2.4%8.4%14.5%6.2%3.8%1.8%1.9%
SEFWAlcoholic beverages at home0.5%3.0%2.9%2.1%1.8%1.2%1.4%
SEFW01Beer, ale & other malt beverages at home0.8%4.2%4.3%3.5%2.6%2.0%2.2%
SEFW02Distilled spirits at home0.1%0.5%1.3%1.5%1.2%0.8%0.9%
SEFW03Wine at home0.5%3.0%2.3%1.1%1.1%0.5%0.8%
SEHEFUEL OIL & OTHER FUELS-0.9%44.4%70.4%21.8%14.2%3.9%7.7%
SAH3HOUSEHOLD FURNISHINGS & OPERATIONS0.6%5.0%9.5%4.9%3.7%1.3%0.5%
SAM1MEDICAL CARE COMMODITIES0.4%2.2%3.2%0.7%0.5%1.5%2.1%
SEMFMedicinal drugs0.4%2.1%3.1%0.8%0.5%1.6%
SEMF01Prescription drugs0.1%1.4%2.5%0.6%0.4%1.9%8.4%
SEMF02Nonprescription drugs1.2%3.8%4.7%1.0%0.8%0.0%
SEMGMedical equipment and supplies0.6%3.5%5.9%-0.9%0.3%-0.1%
SEEAEDUCATIONAL BOOKS & SUPPLIES0.0%4.9%3.7%1.5%1.0%2.6%4.2%
SEGATOBACCO & SMOKING PRODUCTS0.6%2.9%7.9%6.7%5.5%4.7%5.4%
SEGBPERSONAL CARE PRODUCTS0.7%4.0%3.8%1.1%0.5%0.2%0.3%
SEGEMISCELLANEOUS PERSONAL GOODS-0.4%7.3%11.4%5.0%2.0%-0.1%-0.5%
SAGOTHER GOODS AND SERVICES0.5%3.7%6.7%4.0%3.1%2.5%2.7%
SEREOther recreational goods-0.3%2.3%2.7%-0.9%-2.9%-4.5%-4.2%
SERGRecreational reading materials3.1%6.5%7.4%4.6%3.7%2.3%2.0%
CPI BLS Economic News Release BLS PPI Table 9 Detailed Report BLS PPI Table 11 Detailed Report Good LIFO Candidates