Consumer Price Index up 2.0 percent from October 2016 to October 2017

November 17, 2017

The Consumer Price Index for All Urban Consumers (CPI-U) rose 2.0 percent from October 2016 to October 2017. Over the last month, from September to October 2017, the all items index increased 0.1 percent.

Consumer Price Index for All Urban Consumers (CPI-U), by detailed expenditure category, October 2017
Expenditure category 1-month percent change, September 2017–October 2017, seasonally adjusted 12-month percent change, October 2016–October 2017, not seasonally adjusted Relative importance, September 2017

All items

0.1% 2.0% 100.000%

Food

0.0 1.3 13.598

Food at home

0.0 0.6 7.814

Cereals and bakery products

-0.5 -0.6 1.046

Meats, poultry, fish, and eggs

0.6 1.5 1.744

Dairy and related products

-0.3 -0.5 0.795

Fruits and vegetables

0.0 1.4 1.332

Nonalcoholic beverages and beverage materials

0.0 0.7 0.936

Other food at home

-0.2 0.3 1.960

Food away from home

0.1 2.3 5.784

Energy

-1.0 6.4 7.683

Energy commodities

-2.3 10.8 3.949

Fuel oil

2.3 11.7 0.104

Motor fuel

-2.5 10.8 3.756

Gasoline (all types)

-2.4 10.8 3.702

Energy services

0.4 2.2 3.734

Electricity

0.5 2.0 2.935

Utility (piped) gas service

0.3 3.2 0.800

All items less food and energy

0.2 1.8 78.719

Commodities less food and energy commodities

0.1 -1.0 18.741

Apparel

-0.1 -0.6 3.101

New vehicles

-0.2 -1.4 3.543

Used cars and trucks

0.7 -2.9 1.938

Medical care commodities

0.0 0.9 1.842

Alcoholic beverages

0.1 1.2 0.940

Tobacco and smoking products

1.6 7.6 0.682

Services less energy services

0.3 2.7 59.977

Shelter

0.3 3.2 33.731

Rent of primary residence

0.3 3.7 7.895

Owners' equivalent rent of residences

0.3 3.2 24.575

Medical care services

0.3 1.9 6.635

Physicians' services

0.2 -0.6 1.650

Hospital services

0.5 4.9 2.285

Transportation services

0.2 4.2 5.930

Motor vehicle maintenance and repair

0.4 2.8 1.157

Motor vehicle insurance

0.1 8.2 2.559

Airline fares

0.6 -1.3 0.596

The index for all items less food and energy, which accounted for 78.7 percent of consumer spending in September, rose 1.8 percent over the past year. The energy index, which had a relative importance weight of 7.7 percent, increased 6.4 percent over the last 12 months. The index for food, which accounted for the remaining 13.6 percent of consumer spending, rose 1.3 percent.

All the major energy component indexes rose over the past 12 months. The gasoline index, which accounted for 3.7 percent of consumer spending, increased 10.8 percent over the year. The index for natural gas advanced 3.2 percent. The electricity index increased 2.0 percent.

Within the all items less food and energy category, the shelter index, which had a relative importance weight of 33.7 percent, rose 3.2 percent over the past year. The index for motor vehicle insurance increased 8.2 percent, but several transportation indexes declined over the year, including new vehicles, used cars and trucks, and airline fares.

Within the food index, food at home, which had a relative importance weight of 7.8 percent, rose 0.6 percent over the past year. The index for meats, poultry, fish, and eggs rose 1.5 percent over the same period. The indexes for cereals and bakery products and for dairy and related products both declined over the past year. The index for food away from home, which was 5.8 percent of spending, increased 2.3 percent over the past year.

These data are from the Consumer Price Index program. Data on 1-month percent changes are seasonally adjusted; 12-month percent change data are not seasonally adjusted. For more information, see "Consumer Price Index — October 2017" (HTML) (PDF). Also see Charts related to the latest "U.S. Consumer Price Index" news release.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer Price Index up 2.0 percent from October 2016 to October 2017 on the Internet at https://www.bls.gov/opub/ted/2017/consumer-price-index-up-2-point-0-percent-from-october-2016-to-october-2017.htm (visited January 19, 2018).

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