From August, Prices Rise 0.3 Percent
October 19, 2011 by UPI - United Press International, Inc.
WASHINGTON, Oct. 19 (UPI) — The Consumer Price Index rose a seasonally adjusted 0.3 percent in September, month-to-month, the U.S. Labor Department said Wednesday.
Compared to August, core prices rose 0.1 percent, indicating prices that rose on the Producer Price Index, which was reported Tuesday, have not filtered down to the consumer level.
From a year earlier, prices overall rose 3.9 percent, slightly higher than economists had predicted. Core prices, which excludes food and energy bills, rose 2 percent from a year earlier.
The annual rate of inflation for all items is up one tick from the 3.8 percent rate in August.
Energy prices from a year earlier surged 19.3 percent with gasoline prices up 33.3 percent from a year earlier and up 2.9 percent from August.
Energy prices far and away show the highest gains. The second highest annual jump after energy is a 6.3 percent increase for the price of eating in restaurants. Food prices over 12 months are up 4.7 percent. Price for used cars and trucks from September 2010 are up 5.1 percent, the report said.