Here's the inflation breakdown for May 2023 — in one chart
These are some of the core categories, plus other items with notable year-over-year price changes.
The horizontal bars show notable year-over-year percent changes in prices for various consumer categories from the consumer price index for June 2023.
MISSING: summary MISSING: current-rows. Motor vehicle repair 19.7%19.7%19.7%Motor vehicle insurance 17.1%17.1%17.1%Food from vending machines + mobile vendors 15.3%15.3%15.3%Pet food 13.8%13.8%13.8%Frozen fruits + vegetables 12.9%12.9%12.9%Household paper products 12.4%12.4%12.4%Fats + oils 11.8%11.8%11.8%Medical equipment/supplies 10.3%10.3%10.3%Outdoor equipment/supplies 10.2%10.2%10.2%Baby food + formula 10.1%10.1%10.1%Rent of primary residence 8.7%8.7%8.7%Food away from home 8.3%8.3%8.3%Ice cream+ Related products 8%8%8%Food 6.7%6.7%6.7%Day care + preschool 6.4%6.4%6.4%Electricity 5.9%5.9%5.9%Food at home 5.8%5.8%5.8%All items less food + energy 5.3%5.3%5.3%New vehicles 4.7%4.7%4.7%All items 4%4%4%Fresh whole milk −3.4%−3.4%−3.4%Used cars + trucks −4.2%−4.2%−4.2%Citrus fruits −5.3%−5.3%−5.3%Major appliances −10%−10%−10%Televisions −11.5%−11.5%−11.5%Energy −11.7%−11.7%−11.7%Car + truck rental −12.4%−12.4%−12.4%Airline fares −13.4%−13.4%−13.4%Unleaded regularGasoline −20.3%−20.3%−20.3%Health insurance −20.5%−20.5%−20.5%
Hi @Gangster
A balanced article imo … have copied the table above.
If you didn’t buy a car or truck during May and owned your own home, you’d be hurting overall.
Also imo the “win” from falling oil prices in May was simply serendipitous and nothing related to past Fed rate increases … oil is a global commodity with global influences, one of which, to be fair, would be the state of the US economy.
Cheers
Dex
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