Food, Housing Inflation Increased, Considered Tax On All

Baguettes are sold at a supermarket on July 13, 2022 ,in New York City. - US consumer price inflation surged 9.1 percent over the past 12 months to June, the fastest increase since November 1981, according to government data released on July 13. Driven by record-high gasoline prices, the consumer price index jumped 1.3 percent in June, the Labor Department reported. (Photo by ANGELA WEISS / AFP) (Photo by ANGELA WEISS/AFP via Getty Images)

At a glance

  • The index for food climbed 1.1% in the last month and 10.9% in the last year, according to the CPI. The index for shelter climbed 0.5% in the last month and 5.7% in the last year. The index for electricity climbed 1.6% in the last month and 15.2% in the last year.
  • “Inflation is a tax on all Americans,” House Republicans said in a Aug. 10 tweet. “In July, gasoline was up 44.0%, electricity was up 15.2%, food at home was up 13.1%, new cars were up 0.4%, transportation was up +9.2%, food away from home was up 7.6%, used Cars were up 6.6%, and shelter was up 5.7%”

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