at Calculated Risk on 11/13/2024 08:30:00 AM
From the BLS:
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis in October, the same increase as in each of the previous 3 months, the US Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.6 percent before seasonal adjustment.
The index for shelter rose 0.4 percent in October, accounting for over half of the monthly all items increase.
The food index also increased over the month, rising 0.2 percent as the food at home index increased 0.1 percent and the food away from home index rose 0.2 percent. The energy index was unchanged over the month, after declining 1.9 percent in September.The index for all items less food and energy rose 0.3 percent in Octoberas it did in August and September. Indexes that increased in October include shelter, used cars and trucks, airline fares, medical care, and recreation. The indexes for apparel, communication, and household furnishings and operations were among those that decreased over the month.
The all items index rose 2.6 percent for the 12 months ending Octoberafter rising 2.4 percent over the 12 months ending September. The all items less food and energy index rose 3.3 percent over the last 12 months. The energy index decreased 4.9 percent for the 12 months ending October. The food index increased 2.1 percent over the last year.
emphasis added
The change in CPI was at expectations. I’ll post a graph later today after the Cleveland Fed releases the median and trimmed-mean CPI.