The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
August 11, 2021US CONSUMER PRICE INDEX, JULY 2021 The United States Consumer Price Index for All Urban Consumers increased 5.4% year-over-year in July. This follows the same year-over-year increase in June and 5.0% in May. This remains the largest 12-month increase in the CPI since August 2008.
The seasonally adjusted monthly increase was 0.5% reflecting increases from shelter, food, energy, and new vehicles. The food index increased (+0.7%) as five of the major grocery store indexes and the index for food away from home rose month to month. The energy index rose 1.6% in July with a 2.4% increase in the gasoline index. Growth in the new vehicle index slowed to 1.7% from 2.0% in June. The used cars and truck component slowed to 0.2% in July, following a 10.5% increase in June and a 7.3% increase in May. Shelter costs were up 0.4% in July.
The index for all items less food and energy was up 4.3% from July 2020, continuing an upward trend that started in January 2021 when the index was rising 1.4% year-over-year. The year over year rise in the index less food and energy slowed from last month but was the largest since December 1991. Over the past 12 months, the energy index was up 23.8% and the food index increased 3.4%
Note:
Canada and Nova Scotia July 2021 CPI figures will be released on August 18, 2021.
Sources:
Statistics Canada. Table 18-10-0004-01 Consumer Price Index, monthly, not seasonally adjusted
US Bureau of Labor Statistics, retrieved from FRED, Federal Reserve Bank of St. Louis
<--- Return to Archive
