Gitnux/Report 2026

Cpi Statistics

As of July 2024, US CPI inflation has cooled to 3.0 percent, while shelter alone is still running at a 5.0 percent annual increase and food is up 2.2 percent. Use the CPI basket weights and cross country inflation swings to see what is easing, what is sticky, and why the index still looks uneasy even after the 9.1 percent June 2022 peak.
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July 5, 2026Updated
Cpi Statistics
Margot VilleneuveWritten by Margot Villeneuve·Edited by Kevin O'Brien·Fact-checked by Maya Johansson
Published ·Updated
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CPI inflation is no longer roaring. In June 2024 it slipped to 3.0 percent, after peaking at 9.1 percent in June 2022, and July 2024 core CPI sits at 3.2 percent. But the mix matters too since shelter carries 33.4 percent of the CPI-U basket while energy has been falling, with the Energy CPI down 2.0 percent year over year to July 2024.

Key Takeaways

  • 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.
  • 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 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.
  • 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.
  • 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.

US inflation eased by mid 2024, with cooling energy and food but still rising housing and shelter costs.

Related reading

01 · Category

Cpi Components21 stats

01
Food CPI in the US rose 2.2 percent annually to July 2024.
02
US Housing CPI (shelter) increased 5.0 percent over 12 months to July 2024.
03
Energy CPI in the US declined 2.0 percent annually to July 2024.
04
US Gasoline index fell 3.2 percent from July 2023 to 2024.
05
Electricity CPI rose 2.7 percent annually in the US to July 2024.
06
Natural gas CPI decreased 5.8 percent over the year to July 2024.
07
New vehicles CPI up 1.0 percent in US annually to July 2024.
08
Used cars and trucks CPI down 5.0 percent annually.
09
Medical care services CPI increased 3.4 percent to July 2024.
10
Physicians' services CPI up 3.9 percent annually.
11
Hospital services CPI rose 4.6 percent over 12 months.
12
Apparel CPI in US down 0.4 percent annually to July 2024.
13
Men's and boys' apparel down 1.1 percent annually.
14
Women's and girls' apparel decreased 1.2 percent.
15
Footwear CPI up 1.5 percent over the year to July 2024.
16
Household furnishings CPI down 0.7 percent annually.
17
Laundry machinery down 1.8 percent in US CPI.
18
Furniture CPI decreased 3.8 percent annually to July 2024.
19
Transportation services CPI up 8.5 percent over 12 months.
20
Motor vehicle insurance rose 14.1 percent annually.
21
Airline fares declined 3.2 percent to July 2024.
Interpretation

Cpi Components Interpretation

For CPI components, housing and electricity were the main upward pressures in July 2024 with shelter up 5.0 percent and electricity up 2.7 percent year over year, while energy eased overall as the energy CPI fell 2.0 percent and natural gas dropped 5.8 percent, with gasoline down 3.2 percent.

02 · Category

Cpi Methodology19 stats

01
The US CPI basket weights housing at 33.4 percent as of 2024.
02
Food and beverages comprise 13.4 percent of US CPI-U basket.
03
Apparel and services weight is 2.6 percent in CPI-U.
04
Transportation accounts for 16.8 percent of the CPI basket.
05
Medical care weights 8.5 percent in US CPI.
06
Recreation is 5.6 percent of CPI-U expenditure weights.
07
Education and communication at 6.2 percent weight.
08
Other goods and services 3.2 percent in CPI basket.
09
CPI-U covers 93 percent of US population, CPI-W 29 percent.
10
CPI uses Laspeyres index formula with fixed basket.
11
Geometric mean applied to 61 percent of lower-level CPI items.
12
BLS updates CPI weights every two years from CES data.
13
Chained CPI (C-CPI-U) uses Törnqvist formula for substitution.
14
CPI outlet substitution adjustment implemented since 1999.
15
Quality adjustment for hedonic models in electronics since 1999.
16
CPI reference base changed to 1982-84=100 in 1988.
17
Imputation used for 26 percent of CPI item observations.
18
Approximately 80,000 prices collected monthly for CPI.
19
CPI surveys 23,000 retail and service establishments.
Interpretation

Cpi Methodology Interpretation

Under the Cpi Methodology, the basket remains heavily tilted toward housing at 33.4 percent, with transportation close behind at 16.8 percent and smaller shares for areas like medical care at 8.5 percent and recreation at 5.6 percent, showing how weightings shape what CPI movements reflect most.

More related reading

04 · Category

International Cpi Data19 stats

01
China's CPI year-over-year change was 0.3 percent in July 2024.
02
Euro Area CPI rose 2.4 percent year-over-year in July 2024.
03
Japan's CPI increased 2.8 percent in July 2024 from a year earlier.
04
United Kingdom CPI inflation was 2.2 percent in July 2024.
05
India's CPI rose 3.6 percent year-on-year in July 2024.
06
Brazil's CPI inflation rate was 4.2 percent in July 2024.
07
Germany's CPI increased 2.3 percent annually in July 2024.
08
France CPI rose 1.1 percent year-over-year in July 2024.
09
Canada's CPI inflation was 2.7 percent in July 2024.
10
Australia's CPI increased 3.6 percent over the 12 months to June 2024.
11
Mexico's CPI rose 4.9 percent in July 2024 annually.
12
South Korea CPI inflation was 2.4 percent in July 2024.
13
Russia's CPI increased 9.3 percent year-on-year in July 2024.
14
Turkey's CPI surged 61.8 percent annually in July 2024.
15
Sweden CPI rose 0.7 percent in July 2024 from a year ago.
16
Italy's CPI inflation was 1.3 percent in July 2024.
17
Spain CPI increased 2.8 percent year-over-year in July 2024.
18
Argentina's CPI skyrocketed 68.3 percent monthly in July 2024.
19
South Africa's CPI was 4.6 percent in July 2024.
Interpretation

International Cpi Data Interpretation

Across International Cpi Data, July 2024 inflation ranged widely from China at 0.3 percent year over year to Brazil at 4.2 percent, showing a clear divergence in global price pressures.

05 · Category

Us Cpi Data30 stats

01
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.
02
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.
03
Core CPI (excluding food and energy) rose to 324.808 in July 2024, a 3.2 percent increase over the past 12 months.
04
The shelter index increased 5.0 percent over the last 12 months to July 2024.
05
New vehicle CPI rose 1.0 percent annually to July 2024.
06
Gasoline CPI declined 3.2 percent from July 2023 to July 2024.
07
Food CPI increased 2.2 percent over the year ended July 2024.
08
Energy CPI fell 2.0 percent annually to July 2024.
09
Medical care CPI rose 3.0 percent in the 12 months to July 2024.
10
Apparel CPI decreased 0.4 percent from July 2023 to July 2024.
11
The national CPI-U for June 2024 was 314.175, up 3.0 percent from June 2023.
12
CPI-U for New York-Newark-Jersey City was 336.849 in July 2024.
13
Los Angeles CPI-U reached 310.456 in July 2024.
14
Chicago CPI-U was 299.214 in July 2024.
15
Atlanta CPI-U stood at 305.672 in July 2024.
16
US CPI peaked at 313.225 in October 2023 before moderating.
17
Annual average CPI-U for 2023 was 304.702.
18
CPI for All Items Less Food and Energy averaged 311.5 in 2023 annually.
19
Rent of primary residence index was 397.788 in July 2024.
20
Owners' equivalent rent rose to 404.553 in July 2024.
21
CPI for services increased 5.0 percent annually to July 2024.
22
CPI for commodities declined 0.6 percent over the year to July 2024.
23
Education and communication CPI up 2.7 percent annually.
24
Recreation CPI increased 1.8 percent to July 2024.
25
Household furnishings CPI down 0.7 percent annually.
26
Alcoholic beverages CPI up 2.4 percent over 12 months.
27
Tobacco CPI rose 6.3 percent annually to July 2024.
28
The CPI-U index for January 2024 was 308.417.
29
CPI-W for December 2023 was 303.871.
30
Core CPI for May 2024 was 323.919.
Interpretation

Us Cpi Data Interpretation

Under the Us Cpi Data category, July 2024 showed broad inflation pressure with the CPI-U at 314.540 up 2.9 percent from a year earlier while core CPI rose 3.2 percent and shelter climbed 5.0 percent over the past 12 months.
report visual · Key figures

CPI inflation cools from peak but remains positive

Headline CPI inflation peaked in 2022, then moderated by mid-2024, while core inflation stayed in the low 3% range.

9.1
US CPI inflation rate peaked at 9.1 percent in June 2022.
3.0
CPI inflation fell to 3.0 percent in June 2024 from 3.3 percent prior.
3.2
Core CPI inflation was 3.2 percent in July 2024.
Reference

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Margot Villeneuve. (2026, February 13). Cpi Statistics. Gitnux. https://gitnux.org/cpi-statistics
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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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