Consumer Price Index Drops Slightly For October
The Consumer Price Index dropped a slight 0.1% in October according to the U.S. Bureau of Labor Statistics. Over the last 12 months, the all items index increased 3.5% before seasonal adjustment.
For October, the energy index fell 2.0% after a 2.0% increase in September, which offset any increases in the other indexes. Both the gasoline index and the household energy index fell in October, down 3.1% and 0.3% respectively. The index for all items less food and energy has increased 2.1% over the last 12 months. The indexes that saw the largest increases for the past 12 months are: used cars and trucks at 5.2 %, education at 4.7%, new vehicles at 3.4%, and medical care at 3.1%.
Source: U.S. Bureau of Labor Statistics