Consumer prices up 1.7 percent over the year ended September 2014

October 24, 2014

The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.7 percent from September 2013 to September 2014, the same increase as for the 12 months ended in August 2014. The food index rose 3.0 percent over that 12-month period, while the energy index declined 0.6 percent. The shelter index has been gradually increasing, reaching 3.0 percent for the first time since January 2008.

12-month percent change in the Consumer Price Index for All Urban Consumers and selected components, not seasonally adjusted, September 2013–September 2014
Month All items Food Energy Shelter

Sep 2013

1.2 1.4 -3.1 2.4

Oct 2013

1.0 1.3 -4.8 2.3

Nov 2013

1.2 1.2 -2.4 2.4

Dec 2013

1.5 1.1 0.5 2.5

Jan 2014

1.6 1.1 2.1 2.6

Feb 2014

1.1 1.4 -2.5 2.6

Mar 2014

1.5 1.7 0.4 2.7

Apr 2014

2.0 1.9 3.3 2.8

May 2014

2.1 2.5 3.3 2.9

Jun 2014

2.1 2.3 3.2 2.8

Jul 2014

2.0 2.5 2.6 2.9

Aug 2014

1.7 2.7 0.4 2.9

Sep 2014

1.7 3.0 -0.6 3.0

The food at home index rose 3.2 percent over the past year while the food away from home index rose 2.7 percent. The index for beef and veal was up 17.8 percent and the pork index up 11.4 percent. In contrast, the fruits and vegetables index increased only 0.9 percent, nonalcoholic beverages just 0.2 percent, and cereals and bakery products fell 0.1 percent.

The energy index fell 0.6 percent over the last 12 months, with its components mixed. The natural gas index rose 5.8 percent and electricity 2.8 percent, however the gasoline index declined 3.6 percent and the fuel oil index 3.2 percent.

Other indexes that have declined over the past year include airline fares (down 3.0 percent), household furnishings and operations (down 1.4 percent) and used cars and trucks (down 0.4 percent).

These data are from the BLS Consumer Price Index program and are not seasonally adjusted. To learn more, see “Consumer Price Index — September 2014” (HTML) (PDF), news release USDL-14-1964.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer prices up 1.7 percent over the year ended September 2014 on the Internet at https://www.bls.gov/opub/ted/2014/ted_20141024.htm (visited April 19, 2018).

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