Inflation Calculator Adjusted
The cost of living in the U.S. climbed in June at the fastest pace since last summer. And like then, surging energy costs were mostly responsible.
Consumer prices rose 0.7% in June after a 0.1% increase in May as energy costs jumped 7.4% with prices at the pump up 17.3%.
Despite that, Labor Department Consumer Price Index (CPI) data released Wednesday shows the annual US inflation rate fell 1.4%, marking the biggest decline since Jan. 1950. While gasoline prices peaked in June, the numbers were comparatively small versus the over $4 a gallon prices seen in July 2008. That change largely accounts for the record decline.
The Inflation Calculator is updated with the newest government information, as are the following inflation rate and data pages:
Consumer Price Index from 1913-2009
Historical Inflation Rates: 1914-2009
Annual Averages for Rate of Inflation
For an in depth look at June consumer prices, read Consumer prices up 0.7% in June, inflation falls 1.4% in year.
Email this Article Print this Article
Related Inflation News:
- Inflation Calculator and Rates Information Update US consumer prices edged slightly higher in August, due largely to higher energy costs, but they are lower over the...
- US Inflation Rates, Historical Information and Calculator Updates The cost of living increased in December but prices actually rose less than expected, the latest data from the government...
- 2010 Inflation, US Calculator and Rates Updates The U.S. cost of living unexpectedly declined in April for the first time in more than a year, signaling that...
Comments
Leave a Reply