U.S. Consumer Price Index - July 2022

11 August 2022

The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in July on a seasonally adjusted basis after rising 1.3 percent in June, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.5 percent before seasonal adjustment.
The index for all items less food and energy rose 0.3 percent in July, a smaller increase than in April, May, or June. The food index increased 1.1 percent in July; this was the seventh consecutive monthly increase of 0.9 percent or more.
The energy index fell 4.6 percent in July after rising 7.5 percent in June. The gasoline index fell 7.7 percent over the month following an 11.2-percent increase in June. The gasoline index fell 7.7 percent in July and offset increases in the food and shelter indexes, resulting in the all items index being unchanged over the month.
Source: United States Bureau of Labor Statistics
 Post by: Republic of Türkiye Ministry of Trade