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- U.S. consumer prices unchanged in September
U.S. consumer prices unchanged in September
The Labor
Department announced on Thursday the U.S. consumer price index (CPI) was
unchanged m-o-m in September, following a 0.1 percent m-o-m increase in the
previous month.
Over the last
12 months, the CPI rose 1.7 percent y-o-y last month, the same pace as in the
12 months through August.
Economists had
forecast the CPI to increase 0.1 percent m-o-m and 1.8 percent y-o-y in the
12-month period.
According to
the report, gains in the indexes for shelter (+0.3 percent m-o-m) and food (+0.1
percent m-o-m) were offset by declines in the indexes for energy (-1.4 percent
m-o-m) and used cars and trucks (-1.6 percent m-o-m) to result in the
seasonally adjusted all items index being flat.
Meanwhile, the
core CPI excluding volatile food and fuel costs edged up 0.1 percent m-o-m in
September, following a 0.3 percent m-o-m gain in the previous month.
In the 12 months
through September, the core CPI rose 2.4 percent, the same pace as in the 12
months ending August.
Economists had
forecast the core CPI to rise 0.2 percent m-o-m and 2.4 percent y-o-y last
month.
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