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Consumer Price Index rose 5.3 percent over the year ending August 2021
September 17, 2021

The Consumer Price Index for All Urban Consumers rose 5.3 percent for the 12 months ending August 2021, a smaller increase than the 5.4-percent rise for the year ending July. Prices for all items less food and energy rose 4.0 percent over the last 12 months, also a smaller increase than the year ending July. Energy prices rose 25.0 percent over the last 12 months, and food prices increased 3.7 percent; both were larger than the increases for the year ending July.

12-month percentage change, Consumer Price Index, selected categories,August 2021
All items
Food
Energy
All items less food and energy
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
Hover over chart to view data.Source: U.S. Bureau of Labor Statistics.
View Chart Data click to expand contents
Prices for food at home rose 3.0 percent over the year ending August. Prices for five of the six major grocery store food groups increased over the year. Prices for food away from home rose 4.7 percent over the last year. Prices for limited service meals rose 6.9 percent, while prices for full service meals rose 4.9 percent.

Gasoline prices rose 42.7 percent over the last year. Prices for electricity increased 5.2 percent, its largest 12-month increase since the year ending March 2014. Natural gas prices rose 21.1 percent over the last 12 months, the largest increase since the year ending August 2008.

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Inflation hits a 30 year high. 6% for 3 years barely makes a dent.
Let’s hope things get better