The Bureau of Labor Statistics released its monthly Consumer Price Index Summary on Oct. 10, showing that its all-items index increased 2.4% for the 12 months ending September — the smallest annual gain since February 2021.
On a monthly basis, September’s all items index increased 0.2% — unchanged from August and July.
The index for shelter rose 0.2% in September vs. August, while the index for food increased 0.4%. Shelter and food contributed to over 75% of the monthly all items increase.
The index for all items less food and energy — known as core inflation — rose 0.3% in September, unchanged from August. Indexes that increased in September include: shelter, motor vehicle insurance, medical care, apparel and airline fares. Recreation and communication were among the indexes that decreased over the month.
On a year-over-year basis, September’s core inflation rose 3.3%. The year-over-year energy index decreased 6.8%, while the food index increased 2.3%.
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