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Thursday, November 17, 2016

CPI Increases 0.4% in October

The Consumer Price Index increased 0.4% in October on a seasonally adjusted basis. Over the last 12 months, the all-items index rose 1.6% before seasonal adjustment.
Prices for all items less food and energy increased 0.1% in October, the same increase as September. The index rose 2.1% over the past 12 months ending in October.

The food index was unchanged for the fourth consecutive month. Prices for food at home fell 0.2% in October and have fallen 2.3% over the past year. Prices for food away from home increased 0.1% for the month and 2.4% over the course of the year.

The energy index increased 3.5% in October, its largest jump since February 2013. All major energy component indices increased.

Higher prices for shelter and gas were the main causes of inflation in September. The gasoline index rose 7.0 percent in October and accounted for more than half of the all-items increase. The shelter index increased 0.4 percent for second straight month.

Read the BLS release.
Visit Banks and the Economy.

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