Wednesday, October 30, 2013

Consumer Prices Rose 0.2% in September

The consumer price index increased 0.2% in September as energy prices rebounded from August. Food prices remained the same from the previous month. The year-ago change dipped to 1.2%, on par with the slowest since the recession ended. The headline index is on par with growth seen the last few months and below the 2.0% year over year growth goals of the Federal Reserve.

Core prices continue to grow at a consistent pace between 0.1% and 0.2%. September’s core prices were 0.1% higher than the previous month. Goods prices declined slightly by 0.1% while services increased by 0.2%. Goods declined 0.1% from year ago levels, while core CPI generally improved 1.7%.

Energy prices recovered in September, increasing 0.8% from the month prior. Compared to year ago levels, energy prices are 3.1% lower.

The report highlights that while the economy is improving, price improvement will remain at slower growth paces for the near future.

Read the BLS report.

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