INFLATION AND CONSUMER PRICE INDEX AUGUST 2022

August 2022 Inflation rates are out and they increased 8.3% compared to August 2021, according to the U.S. Bureau of Labor Statistics

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Let us see the breakdown of inflation rates across different sectors, which explains monthly difference in prices as well as yearly differences.

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gAS prices

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grocery prices

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Medical services

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new vechicles

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house rents

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home prices

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food PRICES

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bread PRICES

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chicken PRICE

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egg PRICE

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bacon PRICE

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FISH PRICES

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electricity

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vechicle repair

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health insurance

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pet products

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airline fares

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used cars price

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appliances price

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August inflation would fall to 8% was the expectation of experts, but the actual outcome is 8.3%

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In July 2022 Inflation rates increased by 8.5% compared to July 2021.

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In June 2022 Inflation rates increased by 9.1% compared to June 2021, which was at 40 Year High.

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So August inflation rise is comparatively better than June and July, but still, 8.3% raise is a worrying factor, which is reflected in stock markets today.

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So most of the Prices are in red, which is really a worrying factor and the fall in gasoline prices is one among a few consoling factors.

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INFLATION AND CONSUMER PRICE INDEX AUGUST 2022

August 2022 Inflation rates are out and they increased 8.3% compared to August 2021, according to the U.S. Bureau of Labor Statistics

INFLATION Rised 8.3%

Let us see the breakdown of inflation rates across different sectors, which explains monthly difference in prices as well as yearly differences.

breakdown

gAS prices

FELL monthly

10.6%

25.6%

increaseD YEARLY

grocery prices

RAISED monthly

0.7%

13.5%

INCREASED yearly

Medical services

0.8%

5.6%

yearly increased

RAISED monthly

new vechicles

0.8%

10.1%

yearly increased

RAISED monthly

house rents

0.7%

6.7%

yearly increased

RAISED monthly

home prices

0.7%

6.2%

yearly increased

RAISED monthly

food PRICES

11.4%

highest since 1979

RAISED YEARLY

bread PRICES

2.2%

16.2%

yearly increased

RAISED monthly

chicken PRICE

0.5%

16.6%

yearly increased

RAISED monthly

egg PRICE

2.9%

39.8%

yearly increased

RAISED monthly

bacon PRICE

0.5%

DECLINED monthly

FISH PRICES

0.6%

DECLINED monthly

electricity

yearly raiseD

15.8%

Largest yearly increase in 4 decades

vechicle repair

monthly raised

1.7%

health insurance

monthly raised

2.4%

pet products

monthly raised

1.6%

airline fares

monthly declined

4.6%

used cars price

monthly declined

0.1%

appliances price