Economic Trends

Consumer Price Index Rises 0.4% in Sept.

Over the past 12 months, the all-items index increased 3.7% before seasonal adjustment, according data from the federal government.

October 13, 2023

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The Consumer Price Index rose 0.4% in September on a seasonally adjusted basis, after increasing 0.6% in August, the U.S. Bureau of Labor Statistics reported Oct. 13.

Over the past 12 months, the all-items index increased 3.7% before seasonal adjustment.

The index for shelter was the largest contributor to the monthly all-items increase, accounting for over half of the increase. An increase in the gasoline index was also a major contributor to the all-items monthly rise.

While the major energy component indexes were mixed in September, the energy index rose 1.5% over the month, BLS said. The food index increased 0.2% in September, as it did in the prior two months. The index for food at home increased 0.1% over the month, while the index for food away from home rose 0.4%.

The index for all items aside from food and energy rose 0.3% in September, the same increase as in August.

Indexes which increased in September include:

  • Rent and owners’ equivalent rent
  • Lodging away from home
  • Motor vehicle insurance
  • Recreation
  • Personal care
  • New vehicles

The indexes for used cars and trucks and for apparel were among those that decreased over the month, according to BLS data.

Mark Powell

Mark Powell is MDM's Associate Editor. He is a former mainstream news reporter and editor and has worked in the online, print, radio and TV news industries. Mark earned a bachelor's degree from San Jose State University and a master's degree from California State University, Bakersfield. He has lived and worked in various cities across California, Colorado and Kansas and currently lives in Shafter, California.

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