The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
July 13, 2021US CONSUMER PRICE INDEX, JUNE 2021 The United States Consumer Price Index for All Urban Consumers increased 5.4% year-over-year in June following on 5.0% in May and 4.2% in April. This was the largest 12-month increase in the CPI since August 2008.
The seasonally adjusted monthly increase was 0.9% with a 10.5% increase in the index of used cars and trucks accounting for more than one-third of this increase. Rising prices in similar indexes as last month occurred with increases in used cars and trucks, new vehicles, airline fares and apparel. The rise in used vehicles was the largest since the beginning of the series in 1953 and the new vehicle rise was the largest since May 1981. Food (+0.8%) and energy (+0.7%) had accelerating increases in monthly inflation in June. Medical care services and household furnishings and operations were among the few components with decreases.
The index for all items less food and energy was up 4.5% from June 2020, continuing an upward trends starting in January 2021 when index was rising 1.4% year-over-year. The year over year rise in the index less food and energy was the largest since November 1991. Over the past 12 months, the energy index was up 24.5% and the food index increased 2.4%
Note:
Canada and Nova Scotia June 2021 CPI figures will be released on July 28, 2021.
Sources:
Statistics Canada. Table 18-10-0004-01 Consumer Price Index, monthly, not seasonally adjusted
US Bureau of Labor Statistics, retrieved from FRED, Federal Reserve Bank of St. Louis
<--- Return to Archive
