Bureau of Labor Statistics published CPI and Real Earning June 2021. Here Are Some Highlights.


CONSUMER PRICE INDEX – JUNE 2021 

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CPI for All Urban Consumers increased 0.9% in June, “the largest 1-month change since June 2008.” Food Away From Home index rose 0.7%, while Food At Home Index increased 0.8%. In Food, the Beef Index rose 4.5%. Index for Used Cars & Trucks rose 10.5% in June, with Lodging Away From Home increasing 7.0%. Index for Used Cars and Trucks increased 45.2% over the past 12 months, with Motor Vehicle Insurance and Car & Truck Rentals rose 11.3% and 87.7% for the same period. Medical Care Index declined 0.1% with mixed granularity. Hospital and Physicians Services Index rose 0.2% and 0.3%, respectively, with prescription drugs dropping 0.2%. Compared to May 2021, the Airlines Fares and Eggs Index are up 2.7% and 3.0%, respectively, in June 2021. READ THE CONSUMER PRICE INDEX JUNE 2021 RELEASE FROM THE BUREAU OF LABOR STATISTICS.

REAL EARNINGS – JUNE 2021 

Real average hourly earnings decreased 0.5%, with real average weekly earnings decreasing 0.9% from May to June. Compared to June 2020, Real average hourly earnings and weekly earnings dropped 1.7% and 1.4%, respectively. Real average hourly and weekly earnings for Production and NonSupervisory Employees fell 0.6% and 0.4% from May to June and decreased 2.2% and 1.6% from June 2020.

READ THE REAL EARNINGS JUNE 2021 RELEASE FROM THE BUREAU OF LABOR STATISTICS.