I have a redish pink bump on my hip that has been there for about 5 months. it is raised a bit but does not hurt or itch. is this skin cancer?

Could be: Both skin cancers and benign skin conditions can look like what you describe. The fact that this is a new bump in the last 5 months warrants a check from either your primary doctor or dermatologist. If it continues to grow or change, this should be done with some urgency.

Unsure: Any new skin lesion should be brought to the attention of your friendly dermatologist.