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From May 2021 to May 2022, the Consumer Price Index for All Urban Consumers increased 8.6 percent, the largest 12-month increase since the period ending December 1981.
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The all items less food and energy index rose 6.0 percent over the last 12 months. The energy index rose 34.6 percent over the last year, the largest 12-month increase since the period ending September 2005. The food index increased 10.1 percent for the 12-months ending May, the first increase of 10.0 percent or more since the period ending March 1981.
Prices for food at home rose 11.9 percent over the last 12 months, the largest 12-month increase since the period ending April 1979. Prices for food away from home rose 7.4 percent over the last year, the largest 12-month change since the period ending November 1981.
Energy prices rose 34.6 percent over the past 12 months. Gasoline prices increased 48.7 percent over the span. Electricity prices rose 12.0 percent, the largest 12-month increase since the period ending August 2006. Prices for natural gas increased 30.2 percent over the last 12 months, the largest such increase since the period ending July 2008.
Shelter prices rose 5.5 percent over the last year, the largest 12-month increase since the period ending February 1991. Prices for household furnishings and operations increased 8.9 percent over the last 12 months. Prices for new vehicles rose 12.6 percent and prices for used cars and trucks increased 16.1 percent over the year, while prices for airline fares rose 37.8 percent.
These data are from the Consumer Price Index program and are not seasonally adjusted. To learn more, see “Consumer Price Index — May 2022.” Also see more charts related to the latest Consumer Price Index news release.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer prices up 8.6 percent over year ended May 2022 at https://www.bls.gov/opub/ted/2022/consumer-prices-up-8-6-percent-over-year-ended-may-2022.htm (visited December 11, 2022).
