The Consumer Price Index (CPI) rose 8.3% in the US between September 1 2021 and August 31 2022 (12 months) as this publication of the Bureau of Labor Statistics shows. The CPI monthly increase showed reacceleration. In August, the CPI increased 0.1%. This represents a slight increase compared to July 2022, which was 0%.
The main contributor of the 12-month increase was energy. The price of energy increased 23.8% in the past 12 months and within this increase, gasoline increased 25.6 % and fuel oil 68.8% .
Regarding the month to month CPI stability, it showed a slight increase from 0% to 0.1%. This low CPI increasewas possible due to the decline in the energy price, which declined 5.0% in August.
According to this website, the inflation rate is similar with values seen about 40 years ago
Previous posts regarding the inflation rate
- July 15, 2021. Inflation Peaks as CPI Rises 5.4%
- September 12, 2021. 12-Month Percent Change in CPI is 5.4% in July 2021
- September 15, 2021. 12-Month Percent Change in CPI is 5.3% in August 2021
- October 13, 2021. 12-Month Percent Change in CPI is 5.4% in September 2021
- November 10, 2021. 12-Month Percent Change in CPI is 6.2% in October 2021
- December 10, 2021. Inflation Rate at 6.8% (Annual Rate), Will it Continue to Climb?
- January 12, 2022. Inflation Rate at 7.0% (Annual Rate), it Continues to Rise
- February 10, 2022. The Consumer Price Index (CPI) rose 7.5% in the US in the last 12 months
- March 10, 2022. The Consumer Price Index (CPI) rose 7.9% in the US in the last 12 months
- April 12, 2022. The Consumer Price Index (CPI) rose 8.5% in the US in the last 12 months
- May 11, 2022. The Consumer Price Index (CPI) rose 8.3% in the US in the last 12 months
- June 10, 2022. The Consumer Price Index (CPI) rose 8.6% in the US in the last 12 months
- July 13, 2022. The Consumer Price Index (CPI) rose 9.1% in the US in the last 12 months
- August 10, 2022. The Consumer Price Index (CPI) rose 8.5% in the US in the last 12 months
You have presented a beautiful report today. thank you
Energy prices increased and then decreased??
I have never seen this happening in my country. Once the price increases it never comes down