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ECON: Consumer Prices Roughly As Expected
Posted to: Micro News
Thursday, November 15, 2012 8:56 AM
- CPI +0.1 vs 0.1 consensus
- Core CPI + 0.2 vs +0.1 consensus
- Officials says "virtually no impact" from Sandy
The Consumer Price Index for All Urban Consumers (CPI-U) increased
0.1 percent in October on a seasonally adjusted basis, the U.S.
Bureau of Labor Statistics reported today. Over the last 12 months,
the all items index increased 2.2 percent before seasonal adjustment.
The shelter index increased 0.3 percent, its largest increase since
March 2008, and accounted for over half of the seasonally adjusted
all items increase. The index for all items less food and energy rose
0.2 percent, as the rise in the shelter index and increases in the
indexes for apparel and airline fare more than offset declines in the
indexes for used cars and trucks, new vehicles, and recreation.
The food index increased 0.2 percent in October with the index for
food at home rising 0.3 percent, its largest increase since September
2011. The energy index, which had risen sharply in August and
September, declined slightly in October. Major energy component
indexes were mixed, with declines in the indexes for gasoline and
natural gas more than offsetting increases in the indexes for
electricity and fuel oil.
The 12-month change in the index for all items was 2.2 percent in
October, an increase from the September figure of 2.0 percent. The 12-
month change in the index for all items less food and energy remained
at 2.0 percent. The food index rose 1.7 percent over the last 12
months, and the energy index increased 4.0 percent.
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