Consumer Prices Rose Slightly in September

The Consumer Price Index rose 0.1 percent in September on a seasonally adjusted basis, according to U.S. Bureau of Labor Statistics. This followed a 0.2 percent August increase. Over the last 12 months, the all-items index rose 2.3 percent, down from last month’s 2.7 percent increase.

Prices for all items less food and energy, the “core CPI,” grew 0.1 percent in September, following a 0.1 percent August increase. The index rose 2.2 percent for the 12 months ending in September, the same as August’s increase.

The food index was unchanged in September. Prices for food at home decreased 0.1 percent while food away from home grew 0.2 percent. Over the past 12 months, food prices are up 1.4 percent.

The energy index decreased 0.5 percent in September after a 1.9 percent increase in August. Gasoline prices decreased, falling 0.2 percent. The energy index rose 4.2 percent in the last twelve months.

Read the BLS release.

About Jack McCabe

Jack McCabe is a research associate in the Economic Policy and Research group at the ABA.
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