September Inflation Report: Developments in the US Consumer Price Index (CPI)
October 10, 2024
The U.S. Bureau of Labor Statistics reports that the Consumer Price Index for Urban Consumers (CPI-U) rose 0.2% in September on a seasonally adjusted basis, the same increase as in August and July. Over the past 12 months, the index for all items excluding seasonal adjustments rose 2.4%. In September, the index of housing costs rose 0.2% and the index of food prices rose 0.4%. These two categories accounted for more than 75% of the monthly increase in all items. The index for food at home rose 0.4%, while the index for food outside the home rose 0.3% during the month.