CPI: Inflation Continues to Rise

October 19, 2011 03:44 AM
 

According to the U.S. Department of Labor the Consumer Price Index (CPI) -- a measure of inflation -- increased 0.3% in September. Over the last 12 months, the all-items index has increased 3.9% before seasonal adjustment, compared to 3.8% last month.

The index for all items less food and energy increased 0.1% in September, its smallest increase since March. The index for apparel declined in September after a series of sharp increases, and the indexes for used cars and recreation turned down as well. "The indexes for new vehicles and household furnishings and operations were both flat. The shelter index rose, but posted its smallest increase since April, while the indexes for medical care, airline fares, and tobacco all increased," it notes.

"Increases in energy and food indexes were the main cause of the seasonally adjusted all items increase. The gasoline index continued to rise, and indexes for electricity and natural gas increased as well," states the report. "Broad increases in food indexes also continued in September, with the food at home index rising 0.6% for the third month in a row and no major grocery store food group indexes declining."


 

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