October 2024
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis, the same increase as in August and July, the U.S. Bureau of Labor Statistics reported. The index for shelter rose 0.2 percent, and the index for food increased 0.4 percent. Together, these two indices contributed over 75 percent of the monthly all items increase. The food at home index increased 0.4 percent, and the food away from home index rose 0.3 percent over the month. The energy index fell 1.9 percent after declining 0.8 percent the preceding month. The index for all items less food and energy rose 0.3 percent in September as it did the preceding month. Indices which increased in September include shelter, motor vehicle insurance, medical care, apparel, and airline fares. The indices for recreation and communication were among those that decreased.
The all items index rose 2.4 percent for the 12 months ending September, the smallest 12-month increase since February 2021. The all items less food and energy index rose 3.3 percent over the last 12 months. The energy index decreased 6.8 percent for the 12 months ending September. The food index increased 2.3 percent over the last year.
Bureau of Labor Statistics Consumer Price Index
