Prices rose 5 percent in May over the past year as recovery continues

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7. CPI data series. 3.00% annualized increase since pre-pandemic Feb 2020 high point

Last edited Thu Jun 10, 2021, 03:51 PM - Edit history (1)

CPI Consumer Price Index https://data.bls.gov/timeseries/CUSR0000SA0?output_view=pct_1mth

2019: 252.441 252.969 254.147 255.326 255.371 255.423 255.925 256.118 256.532 257.387 257.989 258.203
2020: 258.687 258.824 257.989 256.192 255.942 257.282 258.604 259.511 260.149 260.462 260.927 261.560
2021: 262.231 263.161 264.793 266.832 268.551

May 2021 compared to May 2019: 268.551/255.371 = 1.0516, or 5.16% over 2 years or about 2.55%/year (see post 22 for the fancy exponentiated way - thanks Mathematic)

May 2021 compared to Feb. 2020: 268.551/258.824 = 1.03758, or 3.76% over 15 months, or about 2.995% or 3.00% annualized. See post #22 for the fancy exponentiated way - thanks Mathematic)

February 2020 was the prepandemic high point of the series. It dropped 1.1 percent over the following 3 months.

CPI percent changes, month over month https://data.bls.gov/timeseries/CUSR0000SA0?output_view=pct_1mth

2019: 0.0 0.2 0.5 0.5 0.0 0.0 0.2 0.1 0.2 0.3 0.2 0.1
2020: 0.2 0.1 -0.3 -0.7 -0.1 0.5 0.5 0.4 0.2 0.1 0.2 0.2
2021: 0.3 0.4 0.6 0.8 0.6

Monthly report: https://www.bls.gov/news.release/cpi.nr0.htm
Calculator at: https://www.bls.gov/data/inflation_calculator.htm

Grocery prices (food at home) inflation compared to overall inflation rate
. . . . . https://www.in2013dollars.com/Food-at-home/price-inflation