Services Inflation Worst since 1982, Food Inflation Worst since 1979, Housing CPI Heats Up. But Energy Prices Plunge, Some Durable Goods Drop: Inflation Whack A Mole

 FULL  ARTICLE  HERE:

Services Inflation Worst since 1982, Food Inflation Worst since 1979, Housing CPI Heats Up. But Energy Prices Plunge, Some Durable Goods Drop: Inflation Whack A Mole | Wolf Street

CHARTS AND TABLES FROM ARTICLE  ARE  BELOW:

Service categories where CPI rose year-to-year:

• Health insurance: +20.6%
• Rent of primary residence: +6.3%
• Rent, owner’s equivalent: +5.8%
• Motor vehicle maintenance, repair: 8.1%
• Auto insurance: +7.4%
• Medical care services: +5.1%
• Delivery services: +14.0%
• Pet services, including veterinary: +9.3%
• Airline fares: +27.7% (-7.8% monthly)
• Hotels & motels: +1.0% (-2.7% monthly)
• Other personal services (dry-cleaning, haircuts, legal services, etc.): 6.3%
• Admission to movies, theaters, concerts: +6.2%
• Video and audio services, including cable: +3.8%
• Water, sewer, trash collection services: +4.4%

Service categories where CPI fell/remained flat year-over-year:

• Telephone services: unchanged
• Car and truck rental: -11.9%
• Admission to sporting events: -2.7% (but +4.9% monthly)

Major food-at-home categories, and % change from a year ago (and % change from June):

• Cereals and cereal products: +15.0% (+1.8%)
• Beef and veal: +3.4% (unchanged)
• Pork: +7.6% (-0.2%)
• Poultry: +16.6% (+1.2%)
• Fish and seafood: +8.7% (-0.1%)
• Eggs: +38.0% (+4.3%)
• Dairy and related products: +14.9% (+1.7%)
• Fresh fruits: +9.0% (+0.2%)
• Fresh vegetables: +7.3% (+0.1%)
• Juices and nonalcoholic drinks: +12.9% (+2.0)
• Coffee: +20.3% (+3.5%)
• Fats and oils: +20.8% (+2.2%)
• Baby food: +15.0% (+2.1%).

ENERGY:

• Gasoline: -7.7% for the month, but still +44.0% year-over-year.
• Utility natural gas to the home: -3.6% for the month, but still +30.5% year-over-year.
• Electricity service: +1.6% for the month, +15.2% year-over-year.