Jamie Pentagulio

The Bureau of Labor Statistics (BLS) released May 2020 Consumer Price Indexes (CPI) today. The All commodities index was unchanged over the last month & has increased 0.1% over the last 12 months on a seasonally unadjusted basis. All items less food and energy decreased 0.1% from April – May 2020 & rose 1.2% between May ’19 – ’20. Commodities less food and energy commodities saw a 1% decrease from May of 2019 to May 2020 and decreased 0.5% in the last month. Food increased 0.6% over the last month & rose 4% over the last 12 months. Meats, poultry, fish and eggs rose 4.2% between April and May 2020 & and increased by 9.8% between May ’19 – ’20. Sugar and sugar substitutes increased by 2.1% from April to May of this year and rose by 9% from May ’19 – ’20. Poultry increased by 2.2% from April to May 2020 and rose by 8.8% from May ’19 – ’20. Chicken rose by 1.9% over the last month and increased by 8.4% over the last 12 months. Cheese and related products had a 0.8% increase in the last month & rose 7% from May 2019 – May 2020. Other processed fruits and vegetables (including dried) saw a 3.1% rise from April – May 2020 and a 6.6% increase from May ’19 – ’20. Frozen fruits and vegetables had rose 1.2% over the last month & increased 6.3% in the last 12 months. Food at home rose 0.8% in the last month and a increased 4.8% between May ’19 – 20. Dairy and related products increased 0.6% over the last month & 0.6% increase increased 5.7% over the last 12 months.

BLS CPI Historical Annual Inflation Rate Averages Through May 2020 Charts For Selected Categories

BLS CPI CodeBLS CPI Category Description1M 5/20YTD 5/201Y 5/203Y 5/205Y 5/2010Y 5/2020Y 5/20
SAFFOOD & BEVERAGES0.6%3.2%3.9%2.4%1.7%2.0%2.4%
SAF11Food at home0.8%5.0%4.8%2.0%1.0%1.6%2.1%
SAF114Nonalcoholic beverages & beverage materials-0.6%4.8%4.1%1.9%1.3%1.0%1.3%
SEFNJuices & nonalcoholic drinks-0.7%5.5%5.2%2.8%2.0%1.2%1.5%
SEFN01Carbonated drinks-1.1%7.8%4.9%3.3%2.5%1.5%1.9%
SEFN03Nonfrozen noncarbonated juices & drinks-0.3%4.0%5.6%2.5%1.6%1.0%1.0%
SEFPBeverage materials including coffee & tea-0.3%3.1%1.3%-0.3%-0.3%0.5%1.0%
SEFP02Other beverage materials including tea0.3%2.8%2.5%1.7%1.4%0.8%1.2%
SAF115Other food at home-0.1%4.1%3.9%1.3%0.9%1.4%1.7%
SEFT06Other miscellaneous foods-0.1%1.8%5.2%1.4%1.0%1.4%1.3%
SEFWAlcoholic beverages at home0.1%2.5%2.0%1.6%1.2%1.0%1.4%
SEFW01Beer, ale & other malt beverages at home-0.1%3.5%4.8%2.5%2.3%1.8%2.2%
SEFW02Distilled spirits at home0.2%2.1%0.6%0.6%0.2%0.4%1.0%
SEFW03Wine at home0.3%1.9%-0.3%1.0%0.4%0.1%0.6%
SEHEFUEL OIL & OTHER FUELS-4.5%-26.5%-26.0%-5.0%-4.5%-2.5%2.8%
SAH3HOUSEHOLD FURNISHINGS & OPERATIONS0.3%1.5%1.6%1.1%0.3%-0.1%-0.1%
SAM1MEDICAL CARE COMMODITIES0.1%-0.8%0.8%0.9%1.6%2.0%2.4%
SEMFMedicinal drugs0.0%-0.8%0.9%1.0%1.7%2.1%
SEMF01Prescription drugs-0.1%-0.9%1.3%1.3%2.2%2.7%3.2%
SEMF02Nonprescription drugs0.4%-0.8%-0.5%-0.5%-0.4%-0.5%
SEMGMedical equipment and supplies1.5%-0.5%-1.5%0.7%0.3%0.3%
SEEAEDUCATIONAL BOOKS & SUPPLIES0.0%-0.6%-0.9%-0.2%1.1%3.0%4.6%
SEGATOBACCO & SMOKING PRODUCTS-0.3%1.3%4.3%4.1%4.7%3.8%5.5%
SEGBPERSONAL CARE PRODUCTS-0.4%0.5%-0.2%-0.2%-0.4%0.0%0.2%
SEGEMISCELLANEOUS PERSONAL GOODS-0.4%3.8%3.4%0.0%-1.3%-1.2%-1.1%
SAGOTHER GOODS AND SERVICES-0.1%1.2%2.4%2.2%2.2%2.0%2.7%
SEREOther recreational goods-0.7%-1.8%-5.9%-6.7%-6.8%-5.5%-4.8%
SERGRecreational reading materials1.0%1.7%3.9%2.8%1.8%1.8%1.7%

PPI BLS Economic News Release BLS PPI Table 9 Detailed Report BLS PPI Table 11 Detailed Report Good LIFO Candidates