September Consumer Price Index Increases 0.4% Month-Over-Month and 5.4% Year-Over-Year

The U.S. Bureau of Labor Statistics (BLS) reported on Wednesday (10-13-21) that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4% in September, on a seasonally adjusted basis, after rising 0.3% in August. Over the past 12-months, the all-item index has increased 5.4% before seasonal adjustment.

The indexes for food and shelter rose in September and together contributed more than half of the monthly all items seasonally adjusted increase. The index for food rose 0.9%, with the index for food at home increasing 1.2%. The energy index increased 1.3%, with the gasoline index rising 1.2%. The index for all items less food and energy rose 0.2% percent in September, after increasing 0.1% in August.

The all-items index rose 5.4% for the 12 months ending in September, compared to a 5.3% rise for the period ending in August. The index for all items less food and energy rose 4.0% over the last 12 months, the same increase as the period ending in August. The energy index rose 24.8% over the last 12 months, and the food index increased 4.6% percent over that same period of time.

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