Jamie Pentagulio

The Bureau of Labor Statistics (BLS) released May 2024 Consumer Price Index (CPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis):

All items increased 0.2% in the last month and increased 3.3% in the last twelve months
Food at home saw no change from April and increased 1.0% since May 2023
Cereals + bakery products increased 0.3% in the last month and increased 0.7% in the last twelve months
Meats, poultry, fish + eggs increased 0.3% since April and rose 2.4% from May 2023
Dairy + related products fell 0.3% in the last month and decreased 1.0% in the last twelve months
Fruits + vegetables increased 0.2% from April and rose 0.6% since May 2023
Other foods fell 0.3% in the last month and rose 0.4% in the last twelve months
Gasoline (all types) fell 0.5% since April and increased 2.2% from May 2023
All items, less food and energy, rose 0.2% in the last month and increased 3.4% in the last twelve months
Apparel fell 0.8% from April and increased 0.8% since May 2023
New vehicles fell 0.2% in the last month and decreased 0.8% in the last twelve months
Used cars + trucks decreased 0.5% since April and fell 9.3% from May 2023
Motor vehicle parts + equipment rose 0.5% in the last month and fell 1.1% in the last twelve months
Medical care commodities rose 1.3% from April and increased 3.1% since May 2023
Alcoholic beverages increased 0.1% in the last month and rose 1.7% in the last twelve months
Tobacco + smoking products rose by 1.6% since April and increased 7.8% from May 2023
Personal care products fell 0.3% in the last month and rose 1.3% in the last twelve months

BLS CPI Historical Annual Inflation Rate Averages Through May 2024 Table For Selected Categories

BLS CPI CodeBLS CPI Category Description1MYTD1 YR 5/243Y 5/245 YR 5/2410 YR 5/2420Y 5/24
SAFFOOD & BEVERAGES0.1%1.1%2.1%6.1%4.8%3.0%2.8%
SAF11Food at home0.0%0.9%1.0%6.2%4.8%2.5%2.5%
SAF114Nonalcoholic beverages & beverage materials-0.6%1.6%1.3%7.2%5.1%2.9%2.3%
SEFNJuices & nonalcoholic drinks-1.0%1.6%2.0%7.8%5.5%3.3%2.4%
SEFN01Carbonated drinks-2.5%1.5%2.3%8.2%5.7%3.6%2.9%
SEFN03Nonfrozen noncarbonated juices & drinks0.2%1.5%1.4%7.3%5.4%3.1%1.9%
SEFPBeverage materials including coffee & tea0.3%1.6%-0.1%5.9%3.9%1.8%1.9%
SEFP02Other beverage materials including tea0.7%3.0%4.0%6.4%4.2%2.3%1.8%
SAF115Other food at home-0.2%1.0%1.0%7.5%5.3%2.9%2.5%
SEFT06Other miscellaneous foods-0.5%0.0%1.4%7.4%5.3%2.7%2.2%
SEFWAlcoholic beverages at home0.2%1.3%1.4%2.7%2.2%1.5%1.5%
SEFW01Beer, ale & other malt beverages at home0.4%2.2%3.1%4.5%3.8%2.6%2.3%
SEFW02Distilled spirits at home0.0%0.1%0.6%1.2%1.4%0.8%0.9%
SEFW03Wine at home0.1%1.3%0.5%1.7%1.2%0.8%0.9%
SEHEFUEL OIL & OTHER FUELS-3.1%-3.8%2.8%8.9%5.2%0.8%4.6%
SAH3HOUSEHOLD FURNISHINGS & OPERATIONS-0.3%0.1%-1.3%3.8%3.5%1.8%0.8%
SAM1MEDICAL CARE COMMODITIES1.3%1.4%3.1%3.3%1.8%2.0%2.2%
SEMFMedicinal drugs1.3%1.5%3.4%3.2%1.8%2.0%
SEMF01Prescription drugs2.1%1.7%2.4%2.5%1.3%2.2%8.6%
SEMF02Nonprescription drugs-0.2%1.1%5.9%5.1%2.8%1.2%
SEMGMedical equipment and supplies0.7%-0.3%-0.1%4.9%1.4%1.0%
SEEAEDUCATIONAL BOOKS & SUPPLIES0.7%1.3%2.6%0.6%0.6%1.5%3.6%
SEGATOBACCO & SMOKING PRODUCTS1.6%3.2%6.7%7.3%6.7%5.5%6.1%
SEGBPERSONAL CARE PRODUCTS-0.3%1.3%6.7%3.8%2.2%0.9%0.7%
SEGEMISCELLANEOUS PERSONAL GOODS-0.4%-0.3%8.7%4.3%2.9%0.2%-0.1%
SAGOTHER GOODS AND SERVICES0.1%1.8%6.1%5.6%4.4%3.2%3.1%
SEREOther recreational goods0.0%-1.2%1.6%-1.1%-1.4%-4.0%-4.0%
SERGRecreational reading materials-1.0%-0.3%-0.1%1.3%2.3%1.7%1.8%
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