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Consumer prices up 3.7 percent from September 2022 to September 2023
October 19, 2023
Over the year ended September 2023, the Consumer Price Index for All Urban Consumers increased 3.7 percent (not seasonally adjusted). Food prices were 3.7 percent higher than a year ago, and energy prices were 0.5 percent lower. Prices for all items less food and energy rose 4.1 percent over this 12-month period.
12-month percent change, Consumer Price Index for All Urban Consumers, selected expenditure categories, September 2023
Expenditure category
Percent change
Relative importance weight, August 2023
All items
3.7
100.000
Food at home
2.4
8.568
Food away from home
6.0
4.813
Gasoline (all types)
3.0
3.616
Electricity service
2.6
2.552
Utility (piped) gas service
-19.9
0.722
Household furnishings and supplies
0.9
4.291
Apparel
2.3
2.525
Transportation commodities less motor fuel
-2.3
7.682
Medical care commodities
4.2
1.466
Recreation commodities
0.2
2.211
Education and communication commodities
-7.3
0.868
Alcoholic beverages
4.2
0.832
Other goods
5.1
1.242
Shelter
7.2
34.749
Water and sewer and trash collection services
5.2
1.067
Medical care services
-2.6
6.331
Transportation services
9.1
5.951
Recreation services
6.4
3.109
Education and communication services
2.5
4.792
Other personal services
6.8
1.457
Note: These data are not seasonallfy adjusted. Data for fuel oil and other fuels commodities and household operations services are not shown separately.
Prices for food at home (which made up 8.6 percent of the total Consumer Price Index) increased 2.4 percent over the last 12 months. Prices for food away from home rose 6.0 percent.
Within the energy category, prices for natural gas service decreased 19.9 percent over the year. Gasoline prices increased 3.0 percent, while electricity prices rose 2.6 percent.
Shelter prices (which accounted for 34.7 percent of the Consumer Price Index) increased 7.2 percent from September 2022 to September 2023.
Prices for transportation services, which includes motor vehicle insurance and motor vehicle repair, increased 9.1 percent over the year. Prices for transportation commodities (not including motor fuel) decreased 2.3 percent, as new vehicle prices increased 2.5 percent and prices for used cars and trucks decreased 8.0 percent.
Recreation services prices were up 6.4 percent. Prices for other personal services (which includes haircuts, legal services, and financial services) increased 6.8 percent over the year ended September 2023.
United States Department of Labor
