Consumer Prices Inched Up 0.2% in September
Washington, DC, October 13, 2020-The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% in September on a seasonally adjusted basis after rising 0.4% in August, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 1.4% before seasonal adjustment.
The index for used cars and trucks continued to rise sharply and accounted for most of the monthly increase in the seasonally adjusted all items index. The food index was unchanged, with an increase in the food away from home index offsetting a decline in the food at home index. The energy index rose 0.8% in September as the index for natural gas increased 4.2%.
The index for all items less food and energy rose 0.2% in September after larger increases in July and August. The index for used cars and trucks rose 6.7% in September, its largest monthly increase since February 1969.
The indexes for shelter, new vehicles, and recreation also increased in September. The indexes for motor vehicle insurance, airline fares, and apparel were among those to decline over the month.
The all items index rose 1.4% for the 12 months ending September, a slightly larger increase than the 1.3% rise for the 12-month period ending August. The index for all items less food and energy rose 1.7% over the last 12 months, the same increase as the period ending August.
The food index increased 3.9% over the last 12 months, while the energy index declined 7.7%.