The CPI-U was unchanged in October on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported. Gasoline and other energy indices declined, offsetting increases in shelter and an array of other indices. The gasoline index fell for the fourth month in a row, declining 3.0 percent. The food index rose slightly; the index for all items less food and energy increased 0.2 percent.
The all items index increased 1.7 percent over the last 12 months, the same increase as for the 12 months ending September. The index for all items less food and energy increased 1.8 percent over the span, and the food index rose 3.1 percent. In contrast, the energy index declined 1.6 percent over the last 12 months.
The official BLS news release is available at: www.bls.gov/news.release/pdf/cpi.pdf