US Consumer Prices up 9.1 percent over the Year Ended June 2022, Largest Increase in 40 Years26 July 2022
Over the 12 months ended June 2022, the Consumer Price Index for all urban consumers increased 9.1 percent. The 9.1-percent increase in the all items index was the largest 12-month increase since the 12-month period ending November 1981.
Prices for food increased 10.4 percent for the 12 months ending June 2022, the largest increase since February 1981.
Energy prices rose 41.6 percent over the last year, the largest 12-month increase since April 1980. Within the energy category, motor fuel prices (which includes all types of gasoline) increased 60.2 percent over the year. Gasoline prices increased 59.9 percent, the largest 12-month increase since March 1980. Electricity prices rose 13.7 percent, the largest 12-month increase since April 2006. Natural gas (piped utility gas) prices increased 38.4 percent over the 12 months ended June 2022, the largest increase since October 2005.
Source: U.S. Bureau of Labor Statistics
Post by: Republic of Türkiye Ministry of Trade