“The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in October on a seasonally adjusted basis after rising 0.1 percent in September,” the U.S. Bureau of Labor Statistics reported on Wednesday.
Key takeaways from the press release
- Over the last 12 months, the all items index rose 2.5 percent before seasonal adjustment.
- An increase in the gasoline index was responsible for over one-third of the seasonally adjusted increase in the all items index; advances in the indexes for shelter, used cars and trucks, and electricity also contributed.
- The index for all items less food and energy rose 0.2 percent in October following a 0.1-percent increase in September.
- The index for all items less food and energy rose 2.1 percent for the 12 months ending October.
- The energy index increased 8.9 percent, while the food index increased more modestly, advancing 1.2 percent over the last 12 months.
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