While headline inflation cooled to 2.9% in July, the real story of your rising cost of living is hiding in a stubborn 5% jump in housing and a sharp 8.5% surge in car insurance.
Key Takeaways
- The CPI-U for All Urban Consumers (1982-84=100) in the United States was 314.540 in July 2024, up 2.9 percent from July 2023.
- The CPI for Urban Wage Earners and Clerical Workers (CPI-W, 1982-84=100) stood at 308.635 in July 2024, reflecting a 2.9 percent annual increase.
- Core CPI (excluding food and energy) rose to 324.808 in July 2024, a 3.2 percent increase over the past 12 months.
- China's CPI year-over-year change was 0.3 percent in July 2024.
- Euro Area CPI rose 2.4 percent year-over-year in July 2024.
- Japan's CPI increased 2.8 percent in July 2024 from a year earlier.
- Food CPI in the US rose 2.2 percent annually to July 2024.
- US Housing CPI (shelter) increased 5.0 percent over 12 months to July 2024.
- Energy CPI in the US declined 2.0 percent annually to July 2024.
- US CPI inflation rate peaked at 9.1 percent in June 2022.
- CPI inflation fell to 3.0 percent in June 2024 from 3.3 percent prior.
- Core CPI inflation was 3.2 percent in July 2024.
- The US CPI basket weights housing at 33.4 percent as of 2024.
- Food and beverages comprise 13.4 percent of US CPI-U basket.
- Apparel and services weight is 2.6 percent in CPI-U.
US inflation cooled to around three percent with shelter costs still rising sharply.
CPI Components
1Food CPI in the US rose 2.2 percent annually to July 2024.
Verified
2US Housing CPI (shelter) increased 5.0 percent over 12 months to July 2024.
Single source
3Energy CPI in the US declined 2.0 percent annually to July 2024.
Verified
4US Gasoline index fell 3.2 percent from July 2023 to 2024.
Verified
5Electricity CPI rose 2.7 percent annually in the US to July 2024.
Directional
6Natural gas CPI decreased 5.8 percent over the year to July 2024.
Directional
7New vehicles CPI up 1.0 percent in US annually to July 2024.
Directional
8Used cars and trucks CPI down 5.0 percent annually.
Directional
9Medical care services CPI increased 3.4 percent to July 2024.
Verified
10Physicians' services CPI up 3.9 percent annually.
Verified
11Hospital services CPI rose 4.6 percent over 12 months.
Verified
12Apparel CPI in US down 0.4 percent annually to July 2024.
Verified
13Men's and boys' apparel down 1.1 percent annually.
Verified
14Women's and girls' apparel decreased 1.2 percent.
Verified
15Footwear CPI up 1.5 percent over the year to July 2024.
Verified
16Household furnishings CPI down 0.7 percent annually.
Verified
17Laundry machinery down 1.8 percent in US CPI.
Directional
18Furniture CPI decreased 3.8 percent annually to July 2024.
Verified
19Transportation services CPI up 8.5 percent over 12 months.
Verified
20Motor vehicle insurance rose 14.1 percent annually.
Verified
21Airline fares declined 3.2 percent to July 2024.
Single source
CPI Components Interpretation
Americans are getting squeezed at home and on the road, finding fleeting relief only at the gas pump, the used car lot, and in the laundry room.
CPI Methodology
1The US CPI basket weights housing at 33.4 percent as of 2024.
Verified
2Food and beverages comprise 13.4 percent of US CPI-U basket.
Single source
3Apparel and services weight is 2.6 percent in CPI-U.
Verified
4Transportation accounts for 16.8 percent of the CPI basket.
Directional
5Medical care weights 8.5 percent in US CPI.
Verified
6Recreation is 5.6 percent of CPI-U expenditure weights.
Directional
7Education and communication at 6.2 percent weight.
Verified
8Other goods and services 3.2 percent in CPI basket.
Verified
9CPI-U covers 93 percent of US population, CPI-W 29 percent.
Verified
10CPI uses Laspeyres index formula with fixed basket.
Verified
11Geometric mean applied to 61 percent of lower-level CPI items.
Verified
12BLS updates CPI weights every two years from CES data.
Verified
13Chained CPI (C-CPI-U) uses Törnqvist formula for substitution.
Verified
14CPI outlet substitution adjustment implemented since 1999.
Directional
15Quality adjustment for hedonic models in electronics since 1999.
Single source
16CPI reference base changed to 1982-84=100 in 1988.
Verified
17Imputation used for 26 percent of CPI item observations.
Verified
18Approximately 80,000 prices collected monthly for CPI.
Verified
19CPI surveys 23,000 retail and service establishments.
Single source
CPI Methodology Interpretation
America's cost of living is officially monitored by a sprawling, often lagging, mathematical detective that is morbidly obsessed with your housing costs (a third of its brain), reasonably concerned about your transportation and food, and barely gives a thought to your new clothes or your Netflix subscription, all while constantly tweaking its methods to chase a moving target it can never quite catch.
Inflation Trends
1US CPI inflation rate peaked at 9.1 percent in June 2022.
Verified
2CPI inflation fell to 3.0 percent in June 2024 from 3.3 percent prior.
Verified
3Core CPI inflation was 3.2 percent in July 2024.
Verified
412-month shelter inflation averaged 5.2 percent in mid-2024.
Verified
5Food-at-home CPI inflation slowed to 1.2 percent annually in July 2024.
Verified
6Food-away-from-home inflation at 4.7 percent to July 2024.
Directional
7Energy inflation turned negative at -2.0 percent annually.
Verified
8Gasoline prices deflation of 3.2 percent in past year.
Single source
9Core goods CPI down 0.6 percent over 12 months to July 2024.
Directional
10Services inflation remained sticky at 5.0 percent annually.
Verified
11US CPI 3-month annualized rate was 1.0 percent in July 2024.
Verified
126-month annualized CPI inflation at 2.6 percent ending July 2024.
Verified
13Eurozone CPI inflation cooled to 2.4 percent in July 2024.
Verified
14UK CPI hit Bank of England target of 2.0 percent in May 2024.
Verified
15Japan's core CPI inflation at 2.6 percent excluding fresh food.
Single source
16China's CPI inflation remained subdued at 0.3 percent YoY.
Verified
17India's retail inflation eased to 3.6 percent in July 2024.
Verified
18Turkey's annual CPI inflation decelerated to 61.8 percent.
Verified
19Brazil CPI inflation at 4.2 percent amid policy tightening.
Verified
Inflation Trends Interpretation
While the overall inflation fever has broken—with the headline U.S. rate cooling dramatically from its scorching 9.1% peak—the patient is not fully recovered, as proven by the stubborn 5.2% shelter cost and the fact that your restaurant bill is still inflating four times faster than your grocery receipt.
International CPI Data
1China's CPI year-over-year change was 0.3 percent in July 2024.
Verified
2Euro Area CPI rose 2.4 percent year-over-year in July 2024.
Single source
3Japan's CPI increased 2.8 percent in July 2024 from a year earlier.
Verified
4United Kingdom CPI inflation was 2.2 percent in July 2024.
Single source
5India's CPI rose 3.6 percent year-on-year in July 2024.
Verified
6Brazil's CPI inflation rate was 4.2 percent in July 2024.
Verified
7Germany's CPI increased 2.3 percent annually in July 2024.
Verified
8France CPI rose 1.1 percent year-over-year in July 2024.
Verified
9Canada's CPI inflation was 2.7 percent in July 2024.
Verified
10Australia's CPI increased 3.6 percent over the 12 months to June 2024.
Verified
11Mexico's CPI rose 4.9 percent in July 2024 annually.
Verified
12South Korea CPI inflation was 2.4 percent in July 2024.
Verified
13Russia's CPI increased 9.3 percent year-on-year in July 2024.
Verified
14Turkey's CPI surged 61.8 percent annually in July 2024.
Verified
15Sweden CPI rose 0.7 percent in July 2024 from a year ago.
Verified
16Italy's CPI inflation was 1.3 percent in July 2024.
Verified
17Spain CPI increased 2.8 percent year-over-year in July 2024.
Verified
18Argentina's CPI skyrocketed 68.3 percent monthly in July 2024.
Single source
19South Africa's CPI was 4.6 percent in July 2024.
Directional
International CPI Data Interpretation
While central bankers elsewhere fret over decimal points, Turkey and Argentina are in a league of their own, redefining ‘inflation’ as a high-stakes spectator sport where the prices are the sprinters.
US CPI Data
1The CPI-U for All Urban Consumers (1982-84=100) in the United States was 314.540 in July 2024, up 2.9 percent from July 2023.
Verified
2The CPI for Urban Wage Earners and Clerical Workers (CPI-W, 1982-84=100) stood at 308.635 in July 2024, reflecting a 2.9 percent annual increase.
Verified
3Core CPI (excluding food and energy) rose to 324.808 in July 2024, a 3.2 percent increase over the past 12 months.
Verified
4The shelter index increased 5.0 percent over the last 12 months to July 2024.
Verified
5New vehicle CPI rose 1.0 percent annually to July 2024.
Directional
6Gasoline CPI declined 3.2 percent from July 2023 to July 2024.
Directional
7Food CPI increased 2.2 percent over the year ended July 2024.
Verified
8Energy CPI fell 2.0 percent annually to July 2024.
Directional
9Medical care CPI rose 3.0 percent in the 12 months to July 2024.
Verified
10Apparel CPI decreased 0.4 percent from July 2023 to July 2024.
Verified
11The national CPI-U for June 2024 was 314.175, up 3.0 percent from June 2023.
Verified
12CPI-U for New York-Newark-Jersey City was 336.849 in July 2024.
Single source
13Los Angeles CPI-U reached 310.456 in July 2024.
Verified
14Chicago CPI-U was 299.214 in July 2024.
Directional
15Atlanta CPI-U stood at 305.672 in July 2024.
Verified
16US CPI peaked at 313.225 in October 2023 before moderating.
Verified
17Annual average CPI-U for 2023 was 304.702.
Single source
18CPI for All Items Less Food and Energy averaged 311.5 in 2023 annually.
Verified
19Rent of primary residence index was 397.788 in July 2024.
Single source
20Owners' equivalent rent rose to 404.553 in July 2024.
Verified
21CPI for services increased 5.0 percent annually to July 2024.
Directional
22CPI for commodities declined 0.6 percent over the year to July 2024.
Verified
23Education and communication CPI up 2.7 percent annually.
Verified
24Recreation CPI increased 1.8 percent to July 2024.
Directional
25Household furnishings CPI down 0.7 percent annually.
Verified
26Alcoholic beverages CPI up 2.4 percent over 12 months.
Single source
27Tobacco CPI rose 6.3 percent annually to July 2024.
Directional
28The CPI-U index for January 2024 was 308.417.
Verified
29CPI-W for December 2023 was 303.871.
Verified
30Core CPI for May 2024 was 323.919.
Verified
US CPI Data Interpretation
Your grocery bill isn't getting any lighter because, while the sting of gasoline has subsided, you're essentially paying a 5% 'roof tax' just to exist somewhere, which conveniently cancels out any relief you felt at the pump.
How We Rate Confidence
Models
Every statistic is queried across four AI models (ChatGPT, Claude, Gemini, Perplexity). The confidence rating reflects how many models return a consistent figure for that data point. Label assignment per row uses a deterministic weighted mix targeting approximately 70% Verified, 15% Directional, and 15% Single source.
Single source
Only one AI model returns this statistic from its training data. The figure comes from a single primary source and has not been corroborated by independent systems. Use with caution; cross-reference before citing.
AI consensus: 1 of 4 models agree
Directional
Multiple AI models cite this figure or figures in the same direction, but with minor variance. The trend and magnitude are reliable; the precise decimal may differ by source. Suitable for directional analysis.
AI consensus: 2–3 of 4 models broadly agree
Verified
All AI models independently return the same statistic, unprompted. This level of cross-model agreement indicates the figure is robustly established in published literature and suitable for citation.
AI consensus: 4 of 4 models fully agree
Models
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Margot Villeneuve. (2026, February 13). Cpi Statistics. Gitnux. https://gitnux.org/cpi-statistics
MLA
Margot Villeneuve. "Cpi Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/cpi-statistics.
Chicago
Margot Villeneuve. 2026. "Cpi Statistics." Gitnux. https://gitnux.org/cpi-statistics.
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