The Consumer Price Index (CPI) stood at 3.2% in the month of October (year-over-year), according to data published by the Bureau of Labor Statistics (BLS). The figure marks a decrease of 0.5% compared to September (when it stood at 3.7% and had suffered an increase of 0.4% compared to August).
Core inflation, an index of all items except food and energy, fell one tenth of a point to 4% last month after standing at 4.1% in September.
Consumer Price Index Summary - 2023 M10 Results by Veronica Silveri on Scribd
Food and rent on the rise
According to the report: "Indexes which increased in October include rent, owners' equivalent rent, motor vehicle insurance, medical care, recreation, and personal care. ...The indexes for lodging away from home, used cars and trucks, communication, and airline fares were among those that decreased over the month":
The energy index fell 2.5% in October (due to the 5% drop in gasoline prices). The average price of electricity and gas did increase by 0.3% and +1.2% respectively. The food index was another of those that rose last month. According to the report, "the food index rose 0.3% in October, up from 0.2% the previous month, with increases of 0.3% for food at home":
Four of the six major grocery store food group indexes increased over the month. The index for meats, poultry, fish, and eggs rose 0.7 percent in October as the index for beef increased 1.2 percent and the index for pork rose 1.3 percent. ... The food away from home index rose 0.4 percent in October, as it did in September.
