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Bureau of Labor Statistics > Consumer Price Index > Home

CPI Home

January 2023 CPI weight update

Starting with January 2023 data, the BLS plans to update weights annually for the Consumer Price Index based on a single calendar year of data, using consumer expenditure data from 2021. This reflects a change from prior practice of updating weights biennially using two years of expenditure data.

The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas. Average price data for select utility, automotive fuel, and food items are also available.

Charts

12-month percentage change, Consumer Price Index, selected categories, July 2022, not seasonally adjusted
Category	12-month percent change, Jul 2022
All items	8.5%
Food	10.9%
Food at home	13.1%
Cereals and bakery products	15.0%
Meats, poultry, fish, and eggs	10.9%
Dairy and related products	14.9%
Fruits and vegetables	9.3%
Nonalcoholic beverages and beverage materials	13.8%
Other food at home	15.8%
Food away from home	7.6%
Full service meals and snacks	8.9%
Limited service meals and snacks	7.2%
Energy	32.9%
Energy commodities	44.9%
Fuel oil	75.6%
Gasoline (all types)	44.0%
Energy services	18.8%
Electricity	15.2%
Natural gas (piped)	30.5%
All items less food and energy	5.9%
Commodities less food and energy commodities	7.0%
Apparel	5.1%
New vehicles	10.4%
Used cars and trucks	6.6%
Medical care commodities	3.7%
Alcoholic beverages	4.2%
Tobacco and smoking products	7.7%
Services less energy services	5.5%
Shelter	5.7%
Rent of primary residence	6.3%
Owners' equivalent rent of residences	5.8%
Medical care services	5.1%
Physicians' services	0.8%
Hospital services	3.9%
Transportation services	9.2%
Motor vehicle maintenance and repair	8.1%
Motor vehicle insurance	7.4%
Airline fare	27.7%

Latest Numbers

Consumer Price Index (CPI): unchanged in Jul 2022

Unemployment Rate: 3.7% in Aug 2022

Payroll Employment: +315,000(p) in Aug 2022

Average Hourly Earnings: +$0.10(p) in Aug 2022

Producer Price Index - Final Demand: -0.5%(p) in Jul 2022

Employment Cost Index (ECI): +1.3% in 2nd Qtr of 2022

Productivity: -4.1%(r) in 2nd Qtr of 2022

U.S. Import Price Index: -1.4% in Jul 2022

U.S. Export Price Index: -3.3% in Jul 2022

News Releases

CPI for all items unchanged in July as fall in gasoline offsets shelter, food increases

08/10/2022

In July, the Consumer Price Index for All Urban Consumers was unchanged, seasonally adjusted, and rose 8.5 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.3 percent in July (SA); up 5.9 percent over the year (NSA).
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Next Release

August 2022 CPI data are scheduled to be released on September 13, 2022, at 8:30 A.M. Eastern Time.

The Economics Daily

Consumer Price Index unchanged over the month, up 8.5 percent over the year, in July 2022

The Consumer Price Index for All Urban Consumers was unchanged in July 2022 after rising 1.3 percent in June and 1.0 percent in May. Gasoline prices fell 7.7 percent in July and offset increases in food and shelter prices, resulting in the index for all items being unchanged in July. From July 2021 to July 2022, the index for all items increased 8.5 percent. read more »

Monthly Labor Review

PPI and CPI seasonal adjustment during the COVID-19 pandemic

The CPI and PPI mitigated the effects of the COVID-19 pandemic on their seasonally adjusted price indexes. read more »

Beyond the Numbers

Measuring consumer price change during economic downturns: a review of assumptions about consumer spending

During economic downturns, how do these measures help in analyzing price change, and what can we assume about consumption? This Beyond the Numbers article explores the final C-CPI-U during the Great Recession and the recession that occurred as a result of the COVID-19 pandemic. Additionally, the article evaluates consumer spending assumptions of the CPI-U and preliminary C-CPI-U during these recessionary periods to highlight challenges of lagged consumer spending data. read more »

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