by Calculated Risk on 10/13/2021 08:31:00 AM
September on a seasonally adjusted basis after rising 0.3 percent in August, the
U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all
items index increased 5.4 percent 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 percent, with the index for food at home increasing 1.2 percent.
The energy index increased 1.3 percent, with the gasoline index rising
The index for all items less food and energy rose 0.2 percent in September,
after increasing 0.1 percent in August. Along with the index for shelter, the
indexes for new vehicles, household furnishings and operations, and motor
vehicle insurance also rose in September. The indexes for airline fares, apparel,
and used cars and trucks all declined over the month.
The all items index rose 5.4 percent for the 12 months ending September, compared
to a 5.3-percent rise for the period ending August. The index for all items less
food and energy rose 4.0 percent over the last 12 months, the same increase as
the period ending August. The energy index rose 24.8 percent over the last 12
months, and the food index increased 4.6 percent over that period.
CPI was above expectations, and core CPI was below expectations. I’ll post a graph later today after the Cleveland Fed releases the median and trimmed-mean CPI.