The U.S. consumer price index, a closely watched measure of inflation, spiked in April, May and June. The June increase was the biggest since 2008. Economists cite the economic impact of the pandemic as one cause. The inflation rate slowed in spring 2020 as the economy shut down because of COVID-19, and then rose this year as the economy reopened.

Source: “Consumer Price Index — June 2021,” Table 5, Bureau of Labor Statistics, U.S Department of Labor, July 13, 2021, p. 19, https://tinyurl.com/whnhjfkk

Data for the graphic are as follows:

Time Period Percentage Change
June 2019 1.6%
July 2019 1.8%
August 2019 1.7%
September 2019 1.7%
October 2019 1.8%
November 2019 2.1%
December 2019 2.3%
January 2020 2.5%
February 2020 2.3%
March 2020 1.5%
April 2020 0.3%
May 2020 0.1%
June 2020 0.6%
July 2020 1.0%
August 2020 1.3%
September 2020 1.4%
October 2020 1.2%
November 2020 1.2%
December 2020 1.4%
January 2021 1.4%
February 2021 1.7%
March 2021 2.6%
April 2021 4.2%
May 2021 5.0%
June 2021 5.4%

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