Consumer Price Index higher for third straight month
October 15, 2010
by Eric Schroeder
WASHINGTON — The overall Consumer Price Index increased 0.1% in September, marking the third straight month of an increase. The gain follows increases of 0.3% in both August and July. At 218.4, the index was up 1.1% over the past 12 months, according to the Bureau of Labor Statistics of the Department of Labor. The index for food and beverages also finished higher, rising 0.3% to 220.6. The index rose 0.1% in August and was unchanged in July.
The energy index rose 0.7% in September, and, as in August, was one of the primary factors driving the all items increase. Leading the way was the gasoline index, which rose 1.6% during the month, the B.L.S. said.
The food index rose 0.3% to 220.3 after rising 0.2% in August. Four of the six major grocery store food groups posted gains during the month, with the other two groups unchanged.
The sharpest increase occurred in the index for meats, poultry, fish and eggs, which rebounded from a 0.3% decline in August to rise 0.9% to 210.3 in September. Within that group, the index for eggs rose 7.2%.
The index for cereals and bakery products, which advanced only 0.1% in August, jumped 0.8% during September to 250.7.
Meanwhile, the indexes for dairy and related products and for fruits and vegetables posted slight increases during September, climbing 0.2% and 0.1%, respectively.
Also finishing higher during September was the index for food away from home, which rose 0.3% for the second consecutive month, and food at home, which also rose 0.3% after finishing flat in August.
The index for non alcoholic beverages, and other food at home both finished unchanged during September.