COVID-Impacted Sectors Recovery Outlook
CPI Inflation by Expenditure Category
Even excluding the impact of new vehicles and used cars and trucks,
which have experienced heightened inflation, CPI has been increasing at
an annualized growth rate of approximately 5%
CPI Inflation by Expenditure Category:
Trailing 6 Month Average
Weighting
% MOM
Annualized
Contribution
CPI All items
Food
Food at home
Food away from home
Energy
Energy commodities (motor fuel)
100%
0.6%
7.2%
7.2%
14%
0.6%
7.4%
1.0%
8%
0.6%
8.1%
0.6%
6%
0.5%
6.8%
0.4%
7%
1.0%
13.3%
1.0%
4%
1.1%
14.5%
0.6%
Energy services (electricity and gas)
3%
0.9%
11.6%
0.4%
Core CPI - All items less food and energy
79%
0.5%
6.4%
5.0%
Commodities (ex. food and energy)
21%
1.2%
14.9%
3.1%
New vehicles
4%
1.4%
17.9%
0.7%
Used cars and trucks
3%
4.2%
63.4%
2.2%
Apparel
3%
0.2%
3.0%
0.1%
Medical care commodities
1%
0.1%
1.0%
0.0%
Household furnishings and supplies
4%
0.7%
9.4%
0.3%
Recreation commodities
2%
0.4%
5.3%
0.1%
Other commodities
4%
(0.1%)
(0.9%)
(0.0%)
Services (ex. Energy)
58%
0.3%
3.7%
2.1%
Shelter
33%
0.4%
4.5%
1.5%
Transportation services
5%
0.3%
3.9%
0.2%
Medical care services
7%
0.1%
0.8%
0.1%
Other services
13%
0.2%
3.0%
0.4%
Memo: CPI excluding new vehicles and used cars and trucks
Core CPI excluding new vehicles and used cars and trucks
Source: Bureau of Labor Statistics
4.7%
3.0%
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