October 10, 2019
“The Consumer Price Index for All Urban Consumers (CPI-U) remained unchanged in September on a seasonally adjusted basis after rising 0.1% in August. Over the past year, the all items index rose 1.7% before seasonal adjustment.
The all items index increased 1.7% over the last 12 months ending September, a similar rise as the corresponding period ending August.. Notably, “The index for all items less food and energy rose 2.4 percent over the last 12 months, also the same increase as the period ending August. The food index increased 1.8 percent over the last year, while the energy index decreased 4.8 percent.”
Energy prices fell 1.4% in September while gasoline index decreased 2.4% . Moreover, the index for natural gas went down by 0.7% in September whereas the electricity index remained unchanged.
In September, the food index climbed 0.1% as the index for food away from home increased 0.3% and the index for food at home remained unchanged. According to the Bureau of Labor Statistics (BLS), “Five of the six major grocery store food group indexes increased over the month. The index for cereals and bakery products increased 0.5 percent after declining in August. The indexes for meats, poultry, fish, and eggs and for other food at home both increased 0.3 percent. The index for dairy and related products advanced 0.2 percent, and the index for nonalcoholic beverages rose 0.1 percent.”
The index for all items less food and energy climbed 0.1% in September. This was due to increases in the indexes for shelter (0.3%), rent by (0.4%), Owners’ equivalent rent (0.3%), lodging away from home(2.1%), medical care (0.2%), household furnishings and operations (0.3%) ,motor vehicle insurance(0.3%). Also rising in September were the indexes for airline fares, for tobacco, and for education. Moreover, the index for used cars and trucks declined 1.6% in September and the index for apparel fell 0.4%.
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