Consumer Price Index (CPI) for May 2022

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for May 2022:

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CPI During May 2022:292.296

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Predicted: +0.3%
Actual: +1.102% (+3.187 points)

• Change From 12 Months Previous: +8.582% (+23.101 points)
  

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The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) 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 May 2021: 269.195

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• Click here to view the full Labor Department report.
  

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CHART: Consumer Price Index,
12-Month Percentage Change,
Selected Categories,
May 2022 UPDATE

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