Consumer Price Index again climbs
November 18, 2009
by Eric Schroeder
WASHINGTON — The overall Consumer Price Index rose 0.3% in October to 216.4, according to the Bureau of Labor Statistics of the Department of Labor. Despite the gain, over the past 12 months the index now has fallen 0.2%. The index for food and beverages, which fell 0.1% in September, rose 0.1% in October to 217.8.
The energy index increased for the fifth time in the past six months, rising 1.5% as the indexes for gasoline, fuel oil, natural gas and electricity all increased.
The food index rose 0.1% in October after easing 0.1% in September. The gain comes after the index posted declines in two of the previous three months.
Driving the gain in food was a 1% increase in the index for dairy and related products, at 195.4. The gain comes on top of an increase of 0.5% in September.
The other increases occurred in the alcoholic beverage index and the other food at home index, which each rose 0.3% in October.
Offsetting the gains were a 0.7% decline in the fruits and vegetables index, to 268.3, a 0.2% drop in meats, poultry, fish, and eggs, to 200.1, and a 0.2% decline in nonalcoholic beverages and beverage materials, to 162.6.
The cereals and bakery products and food at home indexes each finished unchanged from the previous month.