Consumer Price Index
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. An increase in the gasoline index was responsible for over one-third of the seasonally adjusted increase in the all items index. The increases in the gasoline and electricity indices led to a 2.4-percent rise in the energy index. The food index, in contrast, declined slightly in October.
The all items index rose 2.5 percent for the 12 months ending October, a larger increase than the 2.3-percent increase for the 12 months ending 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.