News and Opinion: May 11, 2022. The Consumer Price Index (CPI) rose 8.3% in the US in the last 12 months
The Consumer Price Index (CPI) rose 8.3% in the US between May 1 2021 and April 30 2022 (12 months) as this publication of the Bureau of Labor Statistics shows. The CPI annual increase showed some slowing down. In April, the CPI increased 0.3%. This represents a deceleration of the month to month inflation compared to March 2022
The main contributors of the increase were used autos and energy as in the previous month. The price of used cars grew 22.7% and the price of energy increased 30.3% in the past 12 months and within this increase, gasoline increased 43.6 % and fuel oil 80.5% .
Regarding the month to month CPI increase, it showed a decrease from 1.2% to 0.3%. This could be deceiving because the energy prices have spiked back again, so the inflation rate is expected to increase next month.
Previous posts regarding the inflation rate
- July 15, 2021. Inflation Peaks as CPI Rises 5.4%
- September 12, 2021. 12-Month Percent Change in CPI is 5.4% in July 2021
- September 15, 2021. 12-Month Percent Change in CPI is 5.3% in August 2021
- October 13, 2021. 12-Month Percent Change in CPI is 5.4% in September 2021
- November 10, 2021. 12-Month Percent Change in CPI is 6.2% in October 2021
- December 10, 2021. Inflation Rate at 6.8% (Annual Rate), Will it Continue to Climb?
- January 12, 2022. Inflation Rate at 7.0% (Annual Rate), it Continues to Rise
- February 10, 2022. The Consumer Price Index (CPI) rose 7.5% in the US in the last 12 months
- March 10, 2022. The Consumer Price Index (CPI) rose 7.9% in the US in the last 12 months
- April 12, 2022. The Consumer Price Index (CPI) rose 8.5% in the US in the last 12 months