The Bureau of Labor Statistics (BLS) released May 2023 Consumer Price Index (CPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis):
- All items increased 0.1% in the last month and rose 4.1% in the last twelve months
- Food at home rose 0.1% from April and increased 5.8% since May 2022
- Cereals + bakery products increased 0.1% in the last month and increased 10.7% in the last twelve months
- Meats, poultry, fish + eggs decreased 0.9% since April and rose 0.3% from May 2022
- Dairy + related products decreased by 0.6% in the last month and increased 4.6% in the last twelve months
- Fruits + vegetables rose 1.4% from April and increased 2.7% since May 2022
- Other foods rose 0.1% in the last month and increased 9.2% in the last twelve months
- Gasoline (all types) decreased 1.4% since April and fell 19.7% from May 2022
- All items, less food and energy, rose 0.4% in the last month and increased 5.5% in the last twelve months
- Apparel decreased 0.3% from April and rose 3.5% since May 2022
- New vehicles rose by 0.5% in the last month and decreased 1.6% in the last twelve months
- Used cars + trucks rose 3.2% since April and fell 4.2% from May 2022
- Motor vehicle parts + equipment saw no change in the last month and rose 4.2% in the last twelve months
- Medical care commodities rose 0.6% from April and increased 4.4% since May 2022
- Alcoholic beverages increased 0.3% in the last month and rose 3.9% in the last twelve months
- Tobacco + smoking products rose 0.6 % since April and increased 6.3% from May 2022
- Personal care products increased 1.0% in the lat month and rose 7.5% in the last twelve months
BLS CPI Historical Annual Inflation Rate Averages Through May 2023:
BLS CPI Historical Annual Inflation Rate Averages Through May 2023 Table For Selected Categories
| BLS CPI Code | BLS CPI Category Description | 1M | YTD | 1 YR 5/23 | 3Y 5/23 | 5YR 5/23 | 10YR 5/23 | 20Y 5/23 |
|---|---|---|---|---|---|---|---|---|
| SAF | FOOD & BEVERAGES | 0.2% | 1.7% | 6.6% | 6.1% | 4.7% | 3.1% | 2.9% |
| SAF11 | Food at home | 0.1% | 1.2% | 5.8% | 6.0% | 4.7% | 2.6% | 2.7% |
| SAF114 | Nonalcoholic beverages & beverage materials | 0.3% | 2.9% | 8.7% | 6.7% | 5.3% | 2.7% | 2.2% |
| SEFN | Juices & nonalcoholic drinks | 0.3% | 3.3% | 9.9% | 6.9% | 5.8% | 3.1% | 2.3% |
| SEFN01 | Carbonated drinks | -0.7% | 2.1% | 9.5% | 7.2% | 6.1% | 3.3% | 2.8% |
| SEFN03 | Nonfrozen noncarbonated juices & drinks | 0.9% | 4.0% | 10.0% | 6.6% | 5.7% | 2.9% | 1.8% |
| SEFP | Beverage materials including coffee & tea | 0.3% | 2.1% | 5.9% | 6.2% | 3.9% | 1.7% | 1.9% |
| SEFP01 | Coffee | 0.6% | 1.7% | 4.8% | 7.0% | 4.1% | 1.4% | 2.5% |
| SEFP02 | Other beverage materials including tea | -0.1% | 2.6% | 8.1% | 4.8% | 3.7% | 2.0% | 1.6% |
| SAF115 | Other food at home | 0.1% | 2.7% | 9.2% | 7.2% | 5.1% | 2.8% | 2.6% |
| SEFT06 | Other miscellaneous foods | -0.5% | 1.1% | 8.5% | 6.7% | 5.1% | 2.7% | 2.1% |
| SEFW | Alcoholic beverages at home | 0.3% | 1.1% | 3.9% | 2.6% | 2.3% | 1.5% | 1.6% |
| SEFW01 | Beer, ale & other malt beverages at home | 0.4% | 1.0% | 6.1% | 3.6% | 3.6% | 2.4% | 2.4% |
| SEFW02 | Distilled spirits at home | 0.2% | 0.3% | 1.6% | 2.0% | 1.5% | 0.9% | 0.9% |
| SEFW03 | Wine at home | 0.4% | 1.5% | 2.9% | 2.0% | 1.5% | 0.7% | 0.9% |
| SEHE | FUEL OIL & OTHER FUELS | -6.3% | -17.5% | -28.6% | 19.2% | 4.3% | 1.1% | 4.9% |
| SAH3 | HOUSEHOLD FURNISHINGS & OPERATIONS | -0.7% | 1.8% | 4.2% | 5.8% | 4.2% | 1.7% | 0.8% |
| SAA | APPAREL | -0.3% | 5.5% | 3.5% | 4.7% | 1.4% | 0.3% | 0.4% |
| SAM1 | MEDICAL CARE COMMODITIES | 0.6% | 2.9% | 4.4% | 1.6% | 1.1% | 1.9% | 2.2% |
| SEMF | Medicinal drugs | 0.5% | 2.9% | 4.0% | 1.5% | 1.0% | 2.0% | |
| SEMF01 | Prescription drugs | 0.1% | 2.6% | 3.1% | 1.0% | 0.7% | 2.3% | 8.5% |
| SEMF02 | Nonprescription drugs | 1.5% | 3.4% | 6.2% | 3.0% | 1.8% | 0.6% | |
| SEMG | Medical equipment and supplies | 2.3% | 4.0% | 10.3% | 2.9% | 2.2% | 0.9% | |
| SAR | RECREATION | -0.1% | 2.3% | 4.5% | 3.5% | 2.8% | 1.7% | 1.2% |
| SEEA | EDUCATIONAL BOOKS & SUPPLIES | 0.5% | -1.8% | 2.6% | 1.5% | 0.3% | 1.8% | 3.9% |
| SEGA | TOBACCO & SMOKING PRODUCTS | 0.6% | 3.2% | 6.7% | 7.2% | 6.0% | 5.1% | 5.7% |
| SEGB | PERSONAL CARE PRODUCTS | 1.0% | 3.2% | 6.7% | 3.3% | 1.8% | 0.9% | 0.7% |
| SEGE | MISCELLANEOUS PERSONAL GOODS | -1.1% | 1.0% | 8.7% | 4.6% | 3.6% | 0.3% | -0.2% |
| SAG | OTHER GOODS AND SERVICES | 0.5% | 3.6% | 6.1% | 5.2% | 3.9% | 3.0% | 3.0% |
| SERE | Other recreational goods | 0.1% | 2.7% | 1.6% | 1.9% | -0.9% | -4.0% | -3.8% |
| SERG | Recreational reading materials | 1.4% | 1.9% | -0.1% | 3.1% | 3.0% | 2.3% | 1.9% |