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U.S. Energy Inflation Reaches 41% in June 2022: Here's the Breakdown

Viva Budy Kusnandar 14/07/2022 16:50 WIB

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U.S. energy inflation reached 41% year-on-year (YoY) in June 2022.

United States Annual Inflation (June 2022)

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U.S. Energy Inflation Reaches 41% in June 2022: Here's the Breakdown

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United States Annual Inflation (June 2022)

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Rising energy and food commodity prices have triggered high inflation in many countries.

The United States (US) is one of the affected countries. In June 2022, the US experienced annual inflation of 9.1% (year-on-year/yoy), the highest since November 1981.

By sector, the US experienced 41.6% (yoy) energy inflation in June 2022.

Overall energy commodity inflation in the US rose by 60.6% (yoy), with gasoline prices increasing by 59.9% (yoy) and fuel oil prices rising by 98.5% (yoy).

Energy services inflation reached 19.4% (yoy), with electricity services increasing by 13.7% (yoy) and pipeline gas services surging by 38.4% (yoy).

The US also experienced food inflation of 10.4% (yoy) in June 2022, with food at home prices rising by 12.2% (yoy) and food away from home prices increasing by 7.7% (yoy).

The breakdown of US annual inflation in June 2022 excluding food and energy commodities is as follows:

All items (excluding food and energy commodities): 5.9% (yoy)

1. Commodities (excluding food and energy commodities): 7.2% (yoy)
* 1.a. New vehicles: 11.4% (yoy)
* 1.b. Used cars and trucks: 7.1% (yoy)
* 1.c. Jewelry: 5.2% (yoy)
* 1.d. Medical Care Commodities: 3.2% (yoy)

2. Services (excluding food and energy services): 5.5% (yoy)
* 2.a. Shelter: 5.6% (yoy)
* 2.b. Transportation services: 8.8% (yoy)
* 2.c. Medical services: 4.8% (yoy)

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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U.S. Energy Inflation Reaches 41% in June 2022: Here's the Breakdown

U.S. Energy Inflation Reaches 41% in June 2022: Here's the Breakdown

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U.S. Energy Inflation Reaches 41% in June 2022: Here's the Breakdown

U.S. Energy Inflation Reaches 41% in June 2022: Here's the Breakdown

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