Consumer Prices Increased in October

The Consumer Price Index rose 0.3 percent in October on a seasonally adjusted basis, according to U.S. Bureau of Labor Statistics. This followed a 0.1 percent September increase. Over the last 12 months, the all-items index rose 2.5 percent, up from last month’s 2.3 percent increase.

Prices for all items less food and energy, the “core CPI,” grew 0.2 percent in October, following a 0.1 percent September increase. The index rose 2.1 percent for the 12 months ending in October, the same as September’s increase.

The food index decreased 0.1 percent in October. Prices for food at home decreased 0.2 percent while food away from home grew 0.1 percent. Over the past 12 months, food prices are up 1.2 percent.

The energy index increased 2.4 percent in October after a 0.5 percent decrease in September. Gasoline prices increased, rising 3.0 percent. The energy index rose 8.9 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.
More from Jack McCabe >