Consumer price index up 1.7 percent over the year again

November 21, 2014

Over the 12 months ended in October 2014, the Consumer Price Index for All Urban Consumers (CPI-U) all items index increased 1.7 percent (not seasonally adjusted), the same increase as for the 12 months ending September and August.

12-month percentage change, Consumer Price Index for All Urban Consumers, not seasonally adjusted, January 2012–October 2014
Month     All items         Food         Energy     All items
less food
and energy

Jan 2012

2.9 4.4 6.1 2.3

Feb 2012

2.9 3.9 7.0 2.2

Mar 2012

2.7 3.3 4.6 2.3

Apr 2012

2.3 3.1 0.9 2.3

May 2012

1.7 2.8 -3.9 2.3

Jun 2012

1.7 2.7 -3.9 2.2

Jul 2012

1.4 2.3 -5.0 2.1

Aug 2012

1.7 2.0 -0.6 1.9

Sep 2012

2.0 1.6 2.3 2.0

Oct 2012

2.2 1.7 4.0 2.0

Nov 2012

1.8 1.8 0.3 1.9

Dec 2012

1.7 1.8 0.5 1.9

Jan 2013

1.6 1.6 -1.0 1.9

Feb 2013

2.0 1.6 2.3 2.0

Mar 2013

1.5 1.5 -1.6 1.9

Apr 2013

1.1 1.5 -4.3 1.7

May 2013

1.4 1.4 -1.0 1.7

Jun 2013

1.8 1.4 3.2 1.6

Jul 2013

2.0 1.4 4.7 1.7

Aug 2013

1.5 1.4 -0.1 1.8

Sep 2013

1.2 1.4 -3.1 1.7

Oct 2013

1.0 1.3 -4.8 1.7

Nov 2013

1.2 1.2 -2.4 1.7

Dec 2013

1.5 1.1 0.5 1.7

Jan 2014

1.6 1.1 2.1 1.6

Feb 2014

1.1 1.4 -2.5 1.6

Mar 2014

1.5 1.7 0.4 1.7

Apr 2014

2.0 1.9 3.3 1.8

May 2014

2.1 2.5 3.3 2.0

Jun 2014

2.1 2.3 3.2 1.9

Jul 2014

2.0 2.5 2.6 1.9

Aug 2014

1.7 2.7 0.4 1.7

Sep 2014

1.7 3.0 -0.6 1.7

Oct 2014

1.7 3.1 -1.6 1.8

The food index (which has a relative weight of nearly 14 percent, accounting for that portion of consumer spending) rose 3.1 percent from October 2013 to October 2014. The index for food at home has risen 3.3 percent over the last 12 months, the largest 12-month increase since April 2012. All six major grocery store food groups increased over this period. The index for food away from home increased 2.8 percent over the last 12 months.

In contrast, the energy index (which has a relative weight of 9.3 percent) declined 1.6 percent over the 12 months ending in October. The fuel oil index has declined 6.5 percent and the gasoline index has fallen 5.0 percent. However, the index for natural gas has increased 3.4 percent and the electricity index 3.1 percent.

The index for all items less food and energy (which accounts for the remaining 76.7 percent of consumer spending) increased 1.8 percent over the October 2013 to October 2014 period. This is slightly below its average annualized increase over the past 10 years of 1.9 percent. The shelter index has risen 3.0 percent over the last 12 months, and the medical care index has increased 2.1 percent. In contrast, the index for airline fares has decreased 2.8 percent and the index for used cars and trucks has fallen 1.7 percent.

These data are from the Consumer Price Index program and are not seasonally adjusted. To learn more, see “Consumer Price Index — October 2014” (HTML) (PDF), news release USDL-14-2106.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer price index up 1.7 percent over the year again on the Internet at https://www.bls.gov/opub/ted/2014/ted_20141121.htm (visited July 20, 2018).

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