The consumer price index for September rose by 5.4% over the past 12 months and by 0.4% from August, according to data released Thursday by the Bureau of Labor Statistics (BLS). The CPI measures a "market basket" of consumer spending, which includes what individuals pay for goods and services, such as food bought at grocery stores, restaurant meals, clothes, energy, vehicles, rent and car repairs. BLS reported that indexes for food and shelter together contributed more than half of the monthly all-items seasonally adjusted increase. The food index rose by 0.9% in September, with food at home increasing by 1.2%. The energy index was up 1.3%, with the gasoline index rising by 1.2%. The index for all items less food and energy rose by 0.2%. To measure these price changes, the U.S. Census Bureau conducts regular household surveys for the BLS. The Consumer Expenditures Surveys aim to provide the public with information "on the complete range of consumers' expenditures and incomes," according to the BLS. To find out which specific items and spending categories had the greatest 12-month price increase in the latest CPI survey results, see the gallery above.
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Sponsored by Allianz Life Insurance Company of North America and Allianz Life Financial Services LLC
Can Systematic Risk Be Reduced?