Consumer Price Index Rises in October

 

One-month percent change in CPI for All Urban Consumers (CPI-U), seasonally adjusted, Oct. 2008 to Oct. 2009. -Courtesy of Bureau of Labor Statistics

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On a seasonally adjusted basis, the Consumer Price Index for All
Urban Consumers rose 0.3 percent in October. The index has decreased 0.2 percent over the last 12 months on a not seasonally adjusted basis.

The seasonally adjusted all items increase largely reflected advances
in the indexes for energy and for new and used motor vehicles. The
energy index rose for the fifth time in the last six months,
advancing 1.5 percent as the indexes for gasoline, fuel oil, natural
gas and electricity all increased. The higher cost of fuels will affect the landscape industry, particularly those in installation and/or maintenance fields.

The index for all items less food and energy rose 0.2 percent in October, the same increase as in September. The indexes for used cars and trucks and for new vehicles both rose sharply and together they accounted for over 90 percent of the increase in the index for all items less food and energy. The indexes for airline fares and medical care also increased, while the shelter index was unchanged and the indexes for apparel and recreation declined. – Courtesy of Bureau of Labor Statistics