Producer Prices Rose by 0.4% in October
Washington, DC, November 13, 2019-The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4% in October on a seasonally adjusted basis after being unchanged in September, the U.S. Bureau of Labor Statistics reported.
Over the last 12 months, the all items index increased 1.8% before seasonal adjustment.
The energy index increased 2.7% in October after recent monthly declines and accounted for more than half of the increase in the seasonally adjusted all items index; increases in the indexes for medical care, for recreation, and for food also contributed.
The gasoline index rose 3.7% in October and the other major energy component indexes also increased. The food index rose 0.2%, with the indexes for both food at home and food away from home increasing over the month.
The index for all items less food and energy rose 0.2% in October after increasing 0.1% in September. Along with the indexes for medical care and for recreation, the indexes for used cars and trucks, for shelter, and for personal care all rose in October, though the increase in the shelter index was
the smallest since October 2013. The apparel index fell in October, as did the indexes for household furnishings and operations, for new vehicles, and for airline fares.