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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.

These data are from the Consumer Price Index program. To learn more, see "Consumer Price Index — September 2023." Also see more charts related to the latest Consumer Price Index news release.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer prices up 3.7 percent from September 2022 to September 2023 at https://www.bls.gov/opub/ted/2023/consumer-prices-up-3-7-percent-from-september-2022-to-september-2023.htm (visited April 15, 2024).

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