CPI Increased 0.1%, Egg Prices Continue to Fall

CPI Increased 0.1%, Egg Prices Continue to Fall

Hi, everyone! Yes, it’s time for another dissected CPI report from yours truly.

You guys might find it boring, but I love picking apart these numbers.

Again, it is too early to tell how tariffs affected prices. More than likely, we will see any effects starting in June.

All in all, the Consumer Price Index (CPI) increased by 0.1% in May compared to 0.2% in April.

Not bad. It could be better, but still. Not bad.

Energy is still pretty consistent. Gasoline and natural gas continue to fall. Electricity went up, which I bet will continue since it’s pretty much summer. All the

The index for food rose 0.3% after it decreased 0.1% in April. Anti-Trumpers will latch onto that number.

Sure, it’s not good. But that’s where the individual numbers come in. From last month, meats, poultry, fish, and eggs decreased by 0.4% in May. The index for eggs fell 2.7%!

Yes, the price of eggs continues to fall.

But….over the last 12 months, that category increased 6.1%. Eggs went up 41.5%.

The big question is…what will the Federal Reserve do? I personally wish it would end, but that won’t happen.

The central bank will likely hold interest rates especially since we do not know how Trump’s tariffs will affect prices and jobs.

Here is the breakdown on some of the significant items:

Food:

• Food at home: +2.2% in 12 months, 0.3% in a month
• Cereals and cereal products: -0.4% in 12 months, +1.4% in a month
• Flour: +1.1% in 12 months, +3.3% in a month
• Bread: +0.5% in 12 months, -0.4% in a month
• Meats, poultry, fish and eggs: +6.1% in 12 months, -0.4% in a month
• Meats (all): +4.0% in 12 months, -0.1% in a month
• Ground beef: +9.9% in 12 months, +1.0% in a month
• Fresh & frozen chicken parts: +2.9% in 12 months, +0.4% in a month
• Eggs: +41.5% in 12 months, -2.7% in a month
• Milk: +3.3% in 12 months, -1.1% in a month
• Fruits & veggies: -0.5% in 12 months, +0.3% in a month
• Bananas: +3.2% in 12 months, +3.3% in a month
• Pop: +2.1% in 12 months, 0.0% in a month
• Coffee: +11.5% in 12 months, +1.2% in a month
• Sugar: +3.5% in 12 months, +1.9% in a month
• Butter: +1.9% in 12 months, +0.3% in a month

Energy:

• Gasoline (all types): -12.0% in 12 months, -2.6% in a month
• Gasoline (regular): -12.5% in 12 months, -2.7% in a month
• Electricity: +4.5% in 12 months, +0.9% in a month
• Utility (piped) gas service: +15.3% in 12 months, -1.0% in a month

Medicine:

• Prescription drugs: +0.8% in 12 months, +0.6% in a month
• Nonprescription drugs: -0.6% in 12 months, -0.1% in a month
• Health insurance: +2.9% in 12 months, +0.2% in a month

Shelter:

• Shelter (overall): +3.9% in 12 months, +0.3% in a month
• Rent of primary residence: +3.8% in 12 months, +0.2% in a month
• Owners’ equivalent rent of primary residence: +4.2% in 12 months, +0.3% in a month
• Lodging away from home: -0.9% in 12 months, -0.1% in a month

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