Consumer Price Index (CPI) for July 2021

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for July 2021:

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CPI During July 2021: 273.003

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Predicted: +0.5%
Actual: +0.481% (+1.307 points)

• Change From 12 Months Previous: +5.365% (+13.902 points)
  

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The above, yellow-highlighted figures represent the seasonally adjusted, month-to-month change in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

• Healthcare
• Housing
• Clothing
• Communications
• Education
• Transportation
• Food and Beverages
• Recreation
• Miscellaneous Goods and Services (grooming expenses, etc.)

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CPI During June 2021: 271.696

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• Click here to view the full Labor Department report.
  

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