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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email:

September 13, 2023

The United States Consumer Price Index (not seasonally adjusted) for All Urban Consumers increased 3.7% year-over-year in August 2023. This was up from the 3.2% increase reported in July 2023. Compared to August 2022, prices were higher in food (+4.3%), shelter (+7.3%) and lower in energy (-3.6%). The CPI excluding food and energy rose 4.3%, continuing its trend of slowing.

The month-over-month (seasonally adjusted) change in the CPI was 0.6% in August 2023, rising from the 0.2% pace from previous month. Over the past month, the largest contributor was gasoline which accounted for over half the increase. The index for shelter rose for the 40th consecutive month and food index was up 0.2% compared to the previous month. The CPI excluding food and energy index was up 0.3% for the month, rising from the 0.2% last month.




Canada and Nova Scotia August 2023 CPI figures will be released on September 19, 2023.


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

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