Consumer Prices up 5.4 Percent in 12 Months in July 2021

Over the 12 months ended July 2021, the Consumer Price Index for All Urban Consumers increased 5.4%. Food prices increased 3.4% over the last 12 months. Within the food category, food at home prices rose 2.6%, including a 5.9% increase in prices for meat, poultry, fish, and eggs. Food away from home increased 4.6% over this period.

Energy prices were up 23.8% from July 2020 to July 2021. Prices for energy commodities were 41.2% higher in July 2021 compared with a year earlier. Prices for energy services were up 7.2% over this 12-month period.

Prices for all items less food and energy increased 4.3% over the last 12 months. Within this category, shelter prices rose 2.8%. Medical care prices increased 0.8%. Prices for used cars and trucks increased 41.7% over the year while prices for new vehicles increased 6.4%.