November 2024
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis in October, the same increase as in each of the previous three months, the U.S. Bureau of Labor Statistics reported. The index for shelter rose 0.4 percent in October, accounting for over half of the monthly all items increase. The food index also increased over the month, rising 0.2 percent as the food at home index increased 0.1 percent, and the food away from home index rose 0.2 percent. The energy index was unchanged, after declining 1.9 percent in September. The index for all items less food and energy rose 0.3 percent in October, as it did in August and September. Indices that increased in October include shelter, used cars and trucks, airline fares, medical care, and recreation. The indices for apparel, communication, and household furnishings and operations were among those that decreased.
The all items index rose 2.6 percent for the 12 months ending October, after rising 2.4 percent over the 12 months ending September. The all items less food and energy index rose 3.3 percent. The energy index decreased 4.9 percent. The food index increased 2.1 percent over the last year.
Bureau of Labor Statistics Consumer Price Index
