U.S. CPI inched up 0.9% for October 2021

November 10, 2021

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.9% for October 2021, on a seasonally adjusted basis, according to U.S. Bureau of Labour Statistics (BLS). The all-items index rose 6.2% before seasonal adjustment over the last year.

The all-items less food and energy index climbed 0.6% in October. The index shelter index increased by 0.5%. The indexes for new vehicles and used cars and trucks rose 1.4% and 2.5%, respectively. The prices for medical care rose 0.5%, household furnishings and operations rose 0.8% and recreation rose 0.7%. The indexes for personal care (0.6%), tobacco (1.9%), education (0.2%), and communication (0.1%) all increased in October. Whereas the motor vehicle insurance index and the apparel index stood unchanged in October. One of the few indexes to fall was airline fares, which fell 0.7%; the index for alcoholic beverages down 0.2%.

The index for food rose 0.9% in October, while the index for food at home increased 1.0%. The index for meats, poultry, fish, and eggs rose 1.7% in October as the beef index rose 3.1%. The non-alcoholic beverages index increased 0.8% in October. The food away from home index rose 0.8% while the index for other food at home increased by 1.2% over the month. The index for fruits and vegetables climbed 0.1% in October. The index for dairy and related products climbed 0.2% and the index for cereals and bakery products rose 1.0% in October.

The index for energy rose 4.8% in October. A 6.1% increase was recorded in the gasoline index. Meanwhile, the index for natural gas increased 6.6% and the electricity index increased 1.8% in October.


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