Consumer Price Inflation Remains High

 Major categories, and their year-over-year spikes in CPI inflation rates:

• Cereals and cereal products: 11.9%
• Beef and veal: 14.3%
• Pork: 13.7%
• Poultry: 15.3%
• Fish and seafood: 11.9%
• Eggs: 22.6%
• Fresh fruits: 8.3%
• Fresh vegetables: 6.2%
• Dairy and related products: 9.1%
• Coffee: 13.5%
• Fats and oils: 15.3%
• Baby food: 13.0%
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• Health insurance: +10.4%
• Airline fares: +33%
• Lodging in hotels, motels: +22.6%
• Car and truck rental: +10.4%
• Delivery services: +13.9%
• Laundry and dry-cleaning services: +10.3%
  
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• Compared to year ago, energy CPI spiked by 30.3%. This Energy CPI weights 8.3% of overall CPI. Some standouts:
  • Gasoline: -6.1% for the month, but +43.6% year-over-year.
  • Utility natural gas to the home: +3.1% for the month and +22.7% year-over-year.
  • Electricity service: +0.7% for the month, +11.0% year-over-year.