A leading measure of inflation was unchanged in September on a seasonally adjusted basis after…
A leading measure of inflation was unchanged in September on a seasonally adjusted basis after rising 0.1 percent in August, the U.S. Bureau of Labor Statistics reports.
Over the last 12 months this measure, The Consumer Price Index for All Urban Consumers (CPI-U), increased 1.7 percent before seasonal adjustment.
Increases in the indexes for shelter and food were offset by declines in the indexes for energy and used cars and trucks to result in the seasonally adjusted all items index being flat.
The energy index fell 1.4 percent as the gasoline index declined 2.4 percent. The food index increased 0.1 percent in September after being unchanged in each of the prior 3 months.
The index for all items less food and energy rose 0.1 percent in September after increasing 0.3 percent in each of the last 3 months.
Along with the shelter index, the indexes for medical care, household furnishings and operations, and motor vehicle insurance all rose in September. The indexes for used cars and trucks, apparel, new vehicles, and communication all declined.