Gasoline drove up Consumer Price Index (CPI) by 0.6% in August

Food prices rise 0.2%

The food index rose 0.2 percent in August, as it did in the previous month. The index for food at home increased 0.2 percent over the month, after rising 0.3 percent in July. The six major grocery store food group indexes were split over the month, with three increases and three decreases. The index for meats, poultry, fish, and eggs rose 0.8 percent in August as the index for pork increased 2.2 percent. The index for other food at home increased 0.2 percent over the month and the index for cereals and bakery products rose 0.5 percent.

The index for dairy and related products decreased 0.4 percent in August after increasing 0.5 percent in July. The fruit and vegetables index declined 0.2 percent over the month, as did the nonalcoholic beverages index.

The food away from home index rose 0.3 percent in August. The index for limited service meals rose 0.3 percent over the month, and the index for full service meals increased 0.2 percent.

The food at home index rose 3.0 percent over the last 12 months. The index for cereals and bakery products rose 6.0 percent over the 12 months ending in August. The meats, poultry, fish, and eggs index was unchanged over the year. The remaining major grocery store food groups posted increases ranging from 0.3 percent (dairy and related products) to 4.8 percent (nonalcoholic beverages).

The index for food away from home rose 6.5 percent over the last year. The index for limited service meals rose 6.7 percent over the last 12 months, and the index for full service meals rose 5.2 percent over the same period.

Energy index increases

The energy index rose 5.6 percent in August after increasing 0.1 percent in July. The gasoline index increased 10.6 percent in August, following a 0.2-percent increase in the previous month. (Before seasonal adjustment, gasoline prices rose 5.9 percent in August.)

Other energy components also increased in August. The index for electricity rose 0.2 percent in August, after decreasing 0.7 percent in July. The natural gas index increased 0.1 percent over the month, following a 2.0-percent increase in July. The index for fuel oil also rose in August, increasing 9.1 percent.

Despite the August monthly increases, the energy index fell 3.6 percent over the past 12 months. The gasoline index decreased 3.3 percent over the last 12 months, while the natural gas index fell 16.5 percent, and the fuel oil index fell 14.8 percent over the span. In contrast, the index for electricity rose 2.1 percent over the last year.

All items less food and energy rise tame

The index for all items less food and energy rose 0.3 percent in August, after rising 0.2 percent in July. The shelter index increased 0.3 percent over the month, after rising 0.4 percent in each of the preceding 2 months. The index for rent rose 0.5 percent in August, and the index for owners' equivalent rent increased 0.4 percent over the month. The lodging away from home index decreased 3.0 percent in August, its third consecutive decrease.

The shelter index was the largest factor in the monthly increase in the index for all items less food and energy. Among the other indexes that rose in August was the index for motor vehicle insurance, which increased 2.4 percent after rising 2.0 percent the preceding month. The indexes for airline fares, personal care, new vehicles, and household furnishings and operations also increased in August.

The medical care index rose 0.2 percent in August, after falling 0.2 percent the previous month. The index for hospital services increased 0.7 percent over the month, and the index for physicians'services rose 0.1 percent. The prescription drugs index rose 0.4 percent in August.

The index for used cars and trucks fell 1.2 percent in August, after decreasing 1.3 percent in July. The recreation index declined 0.2 percent over the month, and the communication index declined 0.1 percent.

The index for all items less food and energy rose 4.3 percent over the past 12 months. The shelter index increased 7.3 percent over the last year, accounting for over 70 percent of the total increase in all items less food and energy. Other indexes with notable increases over the last year include motor vehicle insurance (+19.1 percent), recreation (+3.5 percent), personal care (+5.8 percent), and new vehicles (+2.9 percent).

Gasoline drove up Consumer Price Index (CPI) by 0.6% in August

Shelter index rises 5.6% continuing its 50-month increasing streak

Food prices rise 0.2%

Energy index increases

All items less food and energy rise tame

Latest News by Industry

Technology

Show more

Stock market today: Wall Street slips in final days of a banner year for US stocks

Richard Parsons, prominent executive who led Time Warner and Citigroup, dies at 76

Stock market today: Wall Street slips as the 'Magnificent 7' weighs down the market

Oil & Gas

Show more

Stock market today: Wall Street slips in final days of a banner year for US stocks

China sanctions 7 companies over US military assistance to Taiwan

Trump's picks for key positions in his second administration

Healthcare

Show more

Stock market today: Wall Street slips as the 'Magnificent 7' weighs down the market

Enzo Biochem: Fiscal Q1 Earnings Snapshot

Justice Department sues to block UnitedHealth Group's $3.3 billion purchase of Amedisys

Manufacturing

Show more

Stock market today: Wall Street slips as the 'Magnificent 7' weighs down the market

Stock market today: Wall Street drifts to a mixed close in thin trading following a holiday pause

How the stock market defied expectations again this year, by the numbers

Finance Insurance & Real Estate

Show more

Richard Parsons, prominent executive who led Time Warner and Citigroup, dies at 76

JPMorgan, Wells Fargo, BofA facing federal lawsuit over Zelle payment network fraud

Stock market today: Wall Street trims its stellar gains as Nvidia's star dims again

Retail

Show more

Value-seekers drove 2024's retail trends and dead ends

Big Lots reaches deal to keep hundreds of US stores open

Stock market today: Wall Street drifts to a mixed close in thin trading following a holiday pause

Transportation

Show more

The internet is rife with fake reviews. Will AI make it worse?

Stock market today: Wall Street cruises to more records as it closes its best week in a year

Expedia: Q3 Earnings Snapshot

Contact Us

Quick Links

Categories

Our Offices

10kInfo, Inc.

10kInfo Data Solutions, Pvt Ltd.

Gasoline drove up Consumer Price Index (CPI) by 0.6% in August

Shelter index rises 5.6% continuing its 50-month increasing streak

Food prices rise 0.2%

Energy index increases

All items less food and energy rise tame

The year in review: Influential people who died in 2024

Pope Francis kicks off a yearlong Jubilee that will test his stamina and Rome's patience

What is known about a plane crash in Kazakhstan that Azerbaijan says was caused by Russia?

Winning ticket for $1.22 billion lottery jackpot sold in California, Mega Millions says

15 hurt in Florida when train hits fire truck that drove onto tracks after another train passed

Miami's Cam Ward sets NCAA's Division I record with 156th career touchdown pass

Dallas' Naji Marshall gets 4-game suspension, Phoenix's Jusuf Nurkic is banned 3 games for fight

Mavs star Luka Doncic is latest pro athlete whose home was burglarized, business manager says

Value-seekers drove 2024's retail trends and dead ends

In 2024, artificial intelligence was all about putting AI tools to work

Rhode Islanders' data was leaked from a cyberattack on state health benefits website

The world population will be 8.09 billion on New Year's Day after a 71 million increase in 2024

Stock market today: Wall Street slips in final days of a banner year for US stocks

Charles Dolan, HBO and Cablevision founder, dies at 98

A caucus of military veterans seeks to bridge the political divide in a polarized Congress

South Korea plane crash is the deadliest in a year marked by several fatal aviation accidents

'No heating, no light': Moldovans fear looming energy shortage as Russia halts gas supplies

South Korea to inspect Boeing aircraft as it struggles to find cause of plane crash that killed 179

Treasury says Chinese hackers remotely accessed workstations, documents in 'major' cyber incident

Venezuela's top court issues a $10 million fine for TikTok over allegedly deadly video challenges