Monday, June 22, 2026

Rising prices continue to squeeze consumers


According to the latest consumer price index report, prices have risen again, rising 0.5% in July. Labour Department Released on Wednesday.

The increase is after 0.9% June peak Increased by 5.4% in the past 12 months.

Consumer prices for housing, food, energy and new cars have risen this month.

The food index rose 0.7% as the five major grocery store food indexes rose, and the out-of-home food index rose 0.8%.

The food index rose 3.4% in the 12 months to July, of which Price increased Meat, poultry, fish and eggs continued to rise by 1.5%. Prices of cereals and bakery products rose by 1.2%, Non-alcoholic beverages Prices rose 0.7%, and daily-use and related products rose 0.6%.

Fruit and vegetable prices were the only major grocery store food category that fell in July, falling 0.9% after rising 0.7% in June.

As gasoline prices rose 2.4% in July, consumer energy costs also rose. Natural gas also rose 1.7% in May and June. After falling by 0.3% in June, the cost of electricity for consumers also increased by 0.4% that month.

Leisure, medical and personal care prices rose in July, but the increase was small, only 0.2% in the month, lower than in recent months.

Motor vehicle insurance also saw a decline in inflation in July, with prices falling by 2.8%, while air ticket prices fell slightly by 0.1%.

However, in the 12 months ending in July, the All Projects Index rose by 5.4%-the same as the period ending in June. In the past 12 months, the index for all projects (excluding food and energy) has risen by 4.3%, while the energy index has risen sharply by 23.8%.

New car prices are also rising in July, with a 5.4% increase in the past three months. Following the decline in May and June, entertainment prices rose 0.6% this month, and consumer healthcare costs rose 0.3%.

In July, there was also inflation in education, communications, tobacco and alcoholic beverages. Home furnishings Operations and clothing remain unchanged this month.





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