CPI Continues Decline in September

The Consumer Price Index decreased 0.2 percent in September. The energy index drove the decline, followed by several non-food and -energy commodities. The index was essentially unchanged over the last 12 months.

The energy index declined 4.7 percent in September, the second consecutive monthly decline. All energy commodities fell 8.6 percent, with gasoline falling 9.0 percent and fuel oil falling 2.4 percent. Energy services fell 0.4 percent, as electricity fell 0.5 percent and utility gas service fell 0.3 percent.

The index for all items less food and energy increased 0.2 percent from the previous month and 1.9 percent from the previous year. The monthly rise was driven by increases in the indices for services less energy services (0.3 percent), shelter (0.3 percent) and medical care services (0.3 percent), partially offset by decreases in apparel (-0.3 percent), medical care commodities (-0.2 percent) and used cars and trucks (-0.2 percent).

The index for food increased 0.4 percent from the previous month, the largest monthly increase since May 2014. On a yearly basis the food index increased 1.6 percent. All components of the food index contributed to the increase as food at home increased 0.4 percent and food away from home increased 0.5 percent.

Read the BLS release.