Consumer Price Index: Inflation Decreased 0.3%

July 23, 2018

Consumers paid 1.7% more in May 2018 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI] and the level of inflation decreased 0.3 percentage points from the 2.0% measured in April 2018.

This is according to the latest Consumer Price Index, which said, “Between April 2018 and May 2018, the average cost of goods and services in the CPI increased 0.2%. The all-items index rose to 105.1 in May. This means that the basket of goods and services that cost $100.00 in April 2015 now costs $105.10.

“The Health & Personal Care sector had the strongest impact on the twelve-month increase in the Consumer Price Index at 4.1%. The primary factor is the year-over-year rise in health insurance premiums. Food and Education, Recreation & Reading also contributed to the rise in the annual rate of inflation, as price shifts in these sectors were 2.3% and 2.7%, respectively.”

The full May 2018 Consumer Price Index follows below [PDF here]:

Consumer Price Index [CPI

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