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October 13, 2022US CONSUMER PRICE INDEX, SEPTEMBER 2022 The United States Consumer Price Index for All Urban Consumers increased 8.2% year-over-year in September. This was below the 8.3% increase reported in August 2022.
The seasonally adjusted index increased by 0.4% in September after a 0.1% change in August. There were many factors that contributed to the increase, among those were shelter, food and medical care. The energy index decreased by 2.1% with gasoline falling by 4.9%. Index for all items less food and energy rose 0.6% in September.
The 12-month change in the CPI - all items less food and energy were 6.7% in September, an increase from 6.3% in August. Over the past 12 months, the energy index is up 19.9% with gasoline up 18.2%. The food index increased 11.2% and shelter increased 6.6% compared to September 2021.
Note:
Canada and Nova Scotia September 2022 CPI figures will be released on October 19, 2022.
Sources:
Statistics Canada. Table 18-10-0004-01 Consumer Price Index, monthly, not seasonally adjusted
US Bureau of Labor Statistics, retrieved from FRED, Federal Reserve Bank of St. Louis
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