CPI release
CPI report: July 2022
Consumer prices rose 8.5% in the 12 months through July 2022, down from 9.1% in June. Core inflation, which excludes food and energy, ran 5.9%. The CPI-U index stood at 296.276, a -0.0% change from the prior month (not seasonally adjusted).
The numbers
| Headline inflation (12-month) | 8.5% |
|---|---|
| Core inflation (12-month) | 5.9% |
| CPI-U index level | 296.276 |
| Change vs. prior month (NSA) | -0.0% |
What moved: inflation by category
Over the twelve months ending July 2022, prices rose fastest in gasoline (all types) (44.0%), energy (32.9%), utility (piped) gas service (30.5%).
| Category | 12-month rate | vs. prior month (NSA) |
|---|---|---|
| Gasoline (all types) | 44.0% | -7.7% |
| Energy | 32.9% | -4.5% |
| Utility (piped) gas service | 30.5% | -3.9% |
| Airline fares | 27.7% | -9.6% |
| Transportation | 16.4% | -2.0% |
| Electricity | 15.2% | 1.9% |
| Food at home | 13.1% | 1.4% |
| Food | 10.9% | 1.1% |
| New vehicles | 10.4% | 0.6% |
| Food away from home | 7.6% | 0.7% |
| Motor vehicle insurance | 7.4% | 0.9% |
| Housing | 7.4% | 0.5% |
| Used cars and trucks | 6.6% | 0.3% |
| Rent of primary residence | 6.3% | 0.7% |
| Core (all items less food & energy) | 5.9% | 0.3% |
| Owners' equivalent rent | 5.8% | 0.6% |
| Shelter | 5.7% | 0.6% |
| Apparel | 5.1% | -1.1% |
| Medical care | 4.8% | 0.5% |
| Recreation | 4.4% | 0.3% |
| Prescription drugs | 2.8% | 0.3% |
| College tuition and fees | 2.4% | 0.2% |
| Education & communication | 0.5% | -0.1% |
Recent months
| Month | CPI-U | 12-month rate |
|---|---|---|
| July 2022 | 296.276 | 8.5% |
| June 2022 | 296.311 | 9.1% |
| May 2022 | 292.296 | 8.6% |
| April 2022 | 289.109 | 8.3% |
| March 2022 | 287.504 | 8.5% |
| February 2022 | 283.716 | 7.9% |
Put it in context
- The current inflation rate, to check whether this is still the latest reading
- What 2021 dollars are worth in 2022, the year-over-year conversion
- Inflation in 2022, the full year in review
- How the BLS turns 80,000 prices into this number
- How to read a CPI report, headline vs. core and what moves after release day
Source: U.S. Bureau of Labor Statistics, CPI-U, not seasonally adjusted (official CPI news releases). Category series are listed on the data sources page. See the methodology.