With inflation running hot in October, American consumers paid slightly more for most goods and services compared to the previous month, and far more compared to a year ago.
The Labor Department’s consumer price index (CPI), a key inflation gauge that measures how much Americans pay for goods and services, rose 0.9 percent over the month in October and 6.2 percent over the year, with the annual figure reflecting the highest pace of price hikes in nearly 31 years.
The agency’s report (pdf), released Nov. 10, breaks down how much prices have increased for certain key services and goods, including gas, food prices, electricity, and used cars. Seasonally adjusted figures are only available for the month-over-month comparison, while seasonally unadjusted data is available in both over-the-year and over-the-month formats.
Gasoline: 49.6 percent year-over-year and 3.7 percent month-over-month seasonally unadjusted; 6.1 percent month-over-month, seasonally adjusted
Fuel oil: 59.1 percent year-over-year and 12.3 percent month-over-month seasonally unadjusted; 12.3 percent month-over-month, seasonally adjusted
Electricity: 6.5 percent year-over-year and minus 0.1 percent month-over-month seasonally unadjusted; 1.8 percent month-over-month, seasonally adjusted
Utility (piped) gas service: 28.1 percent year-over-year and 6.5 percent month-over-month seasonally unadjusted; 6.6 percent month-over-month, seasonally adjusted
Propane, kerosene, and firewood: 34.7 percent year-over-year and 7.9 percent month-over-month seasonally unadjusted; 6.2 percent month-over-month, seasonally adjusted
Food: 5.3 percent year-over-year and 1.0 percent month-over-month seasonally unadjusted; 0.9 percent month-over-month, seasonally adjusted
Meats, poultry, fish, and eggs: 11.9 percent year-over-year and 1.4 percent month-over-month seasonally unadjusted; 1.7 percent month-over-month, seasonally adjusted
Bacon and similar products: 20.2 percent year-over-year and 2.1 percent month-over-month seasonally unadjusted; 2.0 percent month-over-month, seasonally adjusted
Pork chops: 15.9 percent year-over-year and 5.0 percent month-over-month seasonally unadjusted; 5.0 percent month-over-month, seasonally adjusted
Uncooked beef steaks: 24.2 percent year-over-year and 1.9 percent month-over-month seasonally unadjusted; 1.7 percent month-over-month, seasonally adjusted
Peanut butter: 6.0 percent year-over-year and 3.3 percent month-over-month seasonally unadjusted; 3.3 percent month-over-month, seasonally adjusted
Coffee: 4.7 percent year-over-year and 1.7 percent month-over-month seasonally unadjusted; 2.8 percent month-over-month, seasonally adjusted
Restaurant prices: 5.3 percent year-over-year and 0.8 percent month-over-month seasonally unadjusted; 0.8 percent month-over-month, seasonally adjusted
Furniture and bedding: 12.0 percent year-over-year and 0.3 percent month-over-month seasonally unadjusted; 0.3 percent month-over-month, seasonally adjusted
Sporting goods: 8.7 percent year-over-year and 1.6 percent month-over-month seasonally unadjusted; 1.6 percent month-over-month, seasonally adjusted
Appliances: 6.6 percent year-over-year and minus 0.2 percent month-over-month seasonally unadjusted; minus 0.1 percent month-over-month, seasonally adjusted
Used cars and trucks: 26.4 percent year-over-year and 1.4 percent month-over-month seasonally unadjusted; 2.5 percent month-over-month, seasonally adjusted
New cars and trucks: 9.8 percent year-over-year and 2.6 percent month-over-month seasonally unadjusted; 1.4 percent month-over-month, seasonally adjusted
Motor vehicle maintenance and repair: 5.4 percent year-over-year and 1.5 percent month-over-month seasonally unadjusted; 1.5 percent month-over-month, seasonally adjusted
Delivery services: 7.5 percent year-over-year and 0.4 percent month-over-month seasonally unadjusted; 0.7 percent month-over-month, seasonally adjusted
Rent: 2.7 percent year-over-year and 0.5 percent month-over-month seasonally unadjusted; 0.4 percent month-over-month, seasonally adjusted
Lodging away from home: 22.3 percent year-over-year and minus 3.2 percent month-over-month seasonally unadjusted; 1.4 percent month-over-month, seasonally adjusted
Comments
Post a Comment
Thanks for the comment. Will get back to you as soon as convenient, if necessary.