Consumer Price Index Unchanged in October

The U.S. Bureau of Labor Statistics (BLS) is reporting that the Consumer Price Index (CPI), excluding the volatile food and energy components (“core” CPI) was unchanged in October on a seasonally adjusted basis after rising 0.2% in September. Over the last 12 months, on a not seasonally adjusted basis, the CPI has increased 1.2%, this following a 1.4% increase in September. In regards to the “core” increased by 1.6% over the past 12-months, following a 1.7% increase in September. The food index increased by 3.9%, while the energy index declined 9.2% over the past 12-months.