Consumer Prices Rose 0.3% in October
Washington, DC, November 14, 2018-The Consumer Price Index for All Urban Consumers increased 0.3% in October on a seasonally adjusted basis after rising 0.1% in September, the U.S. Bureau of Labor Statistics reported.
Over the last 12 months, the all items index rose 2.5% before seasonal adjustment.
An increase in the gasoline index was responsible for over one-third of the seasonally adjusted increase in the all items index; advances in the indexes for shelter, used cars and trucks, and electricity also contributed. The increases in the gasoline and electricity indexes led to a 2.4% rise in the energy index. The food index, in contrast, declined slightly in October.