The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in September on a seasonally adjusted basis the U.S. Bureau of Labor Statistics reported today. Increases in the shelter and gasoline indices were the main causes of the rise. The gasoline index rose 5.8 percent in September and accounted for more than half of the increase.
The all items index rose 1.5 percent for the 12 months ending September, its largest 12-month increase since October 2014. The index for all items less food and energy rose 2.2 percent for the 12 months ending September. The food index declined 0.3 percent over the span, and the energy index fell 2.9 percent.