The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in September on a seasonally adjusted basis after rising 0.1 percent in August, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.7 percent before seasonal adjustment.
The index for all items less food and energy rose 0.1 percent in September after increasing 0.3 percent in each of the last 3 months.
The all items index increased 1.7 percent for the 12 months ending September, the same increase as for the 12 months ending August. The index for all items less food and energy rose 2.4 percent over the last 12 months, also the same increase as the period ending August.
Core inflation was below expectations in September. I’ll post a graph later today after the Cleveland Fed releases the median and trimmed-mean CPI.