Nowflation’s services gauge reads 2.32% year over year as of September 8, 2026 (0.000pp on the day, −0.030pp on the week, −0.140pp on the month; level 135.77, January 2018 = 100). The official BLS CPI services less energy services was 3.0% for July 2026, released August 12, 2026 — a gap of −0.68pp today, −0.39pp like for like (the gauge’s July 2026 average against that print). The category carries 80.1% of the CPI basket; 51% of that weight is priced from live sources today. Next print: August 2026 CPI on September 11, 2026 at 8:30 AM ET. A measurement, not a forecast.
| Component | Basket weight | YoY | Contribution to the category | Feed today |
|---|---|---|---|---|
| Shelter: Owned | 26.2% | 2.09% | +0.68pp | LIVE — rides the all-tenant rent index (rent weight + owners’-equivalent weight, as in the Gauge) |
| Transportation Services | 6.3% | 2.90% | +0.23pp | OFFICIAL — CUSR0000SAS4 (official subindex, held between prints) |
| Shelter: Rent | 7.8% | 2.09% | +0.20pp | LIVE — zori_us + aptlist_rent_us (all_tenant model) |
| Medical Care | 8.4% | 1.70% | +0.18pp | OFFICIAL — CPIMEDSL (official subindex, held between prints) |
| Recreation | 5.1% | 2.58% | +0.17pp | OFFICIAL — CPIRECSL (official subindex, held between prints) |
| Household Furnishings | 4.3% | 2.20% | +0.12pp | OFFICIAL — CUSR0000SAH3 (official subindex, held between prints) |
| Personal Care | 2.5% | 3.83% | +0.12pp | OFFICIAL — CUSR0000SAG1 (official subindex, held between prints) |
| Apparel | 2.4% | 3.87% | +0.11pp | OFFICIAL — CPIAPPSL (official subindex, held between prints) |
| New Vehicles | 3.8% | 2.08% | +0.10pp | LIVE — kbb_new_atp |
| Water, Sewer & Trash | 1.1% | 4.62% | +0.07pp | OFFICIAL — CUSR0000SEHG (official subindex, held between prints) |
| Lodging Away | 1.3% | 2.83% | +0.04pp | OFFICIAL — CUSR0000SEHB (official subindex, held between prints) |
| Education & Comm | 5.9% | 0.55% | +0.04pp | OFFICIAL — CPIEDUSL (official subindex, held between prints) |
| Tobacco | 0.4% | 6.71% | +0.04pp | OFFICIAL — CUSR0000SEGA (official subindex, held between prints) |
| Residual (core proxy) | 0.9% | 2.47% | +0.03pp | OFFICIAL — CPILFESL (official subindex, held between prints) |
| Alcohol | 0.8% | 2.10% | +0.02pp | OFFICIAL — CUSR0000SAF116 (official subindex, held between prints) |
| Used Vehicles | 2.8% | 0.39% | +0.01pp | LIVE — manheim_muvvi |
Nowflation’s services gauge reads 2.32% year over year as of September 8, 2026, measured daily on the CPI basket weights (80.1% of the basket). The official BLS CPI services less energy services was 3.0% for July 2026, released August 12, 2026.
Today’s reading is −0.68pp versus the last print. About 51% of the category weight is priced from live sources today; the rest holds the official subindex until the next release. Like for like — the gauge’s average over July 2026 against that print — the gap was −0.39pp.
The August 2026 CPI prints on September 11, 2026 at 8:30 AM ET; this page steps to it the same morning.
Weight-normalised average of the member components’ daily index levels (Jan 2018 = 100), on the BLS relative-importance weights for the year — the same Laspeyres-style aggregation the headline Gauge uses; YoY is the level against the same calendar day a year earlier. An approximation of the BLS “services less energy services” aggregate: the Gauge’s components are not split into goods and services, so medical care, recreation, education & communication and everything else are counted whole (each carries some goods). Shelter is the live piece; the rest hold their official subindexes between prints.
Weight-normalised average of the member components’ daily index levels (Jan 2018 = 100), on the BLS relative-importance weights for the year — the same Laspeyres-style aggregation the headline Gauge uses; YoY is the level against the same calendar day a year earlier. An approximation of the BLS “services less energy services” aggregate: the Gauge’s components are not split into goods and services, so medical care, recreation, education & communication and everything else are counted whole (each carries some goods). Shelter is the live piece; the rest hold their official subindexes between prints. The official subindex is quoted at the last print (NSA, one decimal). The daily reading is a measurement of today; the like-for-like comparison is the calendar-month average of the daily series for the print’s reference month (at_print_month_pct), which is what the gap-at-print figure uses. Components: shelter_rent, shelter_owned, medical, recreation, education_comm, other, used_vehicles, new_vehicles, apparel, transportation_services, lodging, household_furnishings, water_sewer_trash, alcohol, personal_care, tobacco; weights from the BLS CPI-U relative-importance table (engine weights.json) (2026). Engine construction v1.4.
Related: supercore · shelter · real wages · compare the forecasters · the Gauge, exposed · methodology. Embed: <iframe src="https://nowflation.com/embed?view=category&c=services"> (builder).
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