Consumer Price Index Increases 0.9% in October and 6.2% Year-Over-Year

The U.S. Bureau of Labor Statistics (BLS) reported on Wednesday (11-10-21) that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.9% in October on a seasonally adjusted basis after rising 0.4% in September. Over the past 12-months, the all-item index has increased 6.2% before seasonal adjustment — the largest 12-month increase since the period ending November 1990.

The index for food rose 0.9%, with the index for food at home increasing 1.0%. The energy index increased 4.8% month-over-month, with the gasoline index rising 6.1%. The index for all items less food and energy rose 0.6% percent in October, after increasing 0.2% in September.

The all-items index rose 6.2% for the 12-months ending in October, compared to a 5.4% rise for the period ending in September. The index for all items less food and energy rose 4.6% over the last 12 months, compared to a 4.0% rise in September.

The energy index rose 30.0% over the last 12-months, and the food index increased 5.3% percent over that same period of time.

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