Consumer Price Index
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in October on a seasonally adjusted basis the U.S. Bureau of Labor Statistics reported. Increases in the shelter and gasoline indices were the main causes of the rise. The gasoline index rose 7.0 percent and accounted for more than half of the increase in the all items index. The shelter index increased 0.4 percent for the second straight month. The energy index increased 3.5 percent, its largest advance since February 2013.
The all items index rose 1.6 percent for the 12 months ending October, its largest 12-month increase since October 2014. The index for all items less food and energy rose 2.1 percent for the 12 months ending in October. The food index declined 0.4 percent over the span, while the energy index rose 0.1 percent.