Consumer Price Index: Inflation Decreased 0.2%
Consumers paid 1.4% more in July 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 0.2 percentage points from the 1.6% measured in June 2018.
This is according to the latest Consumer Price Index, which said, “Between June 2018 and July 2018, the average cost of goods and services in the CPI increased 0.4%. The all-items index rose to 105.4 in July. This means that the basket of goods and services that cost $100.00 in April 2015 now costs $105.40.
“On a year-over-year basis the Health & Personal Care sector was the largest contributor to the twelve-month increase in the CPI. The sector increased 4.1% year-over-year. The Fuel & Power and Education, Recreation, Entertainment & Reading sectors also contributed to the rise in the annual rate of inflation, as price shifts in these sectors were 5.5% and 2.6%, respectively.”
The full July 2018 Consumer Price Index follows below [PDF here]:
