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US CPI increased by 0.1%

Wednesday, Nov 15 2017
US CPI increased by 0.1%

The Consumer Price Index for All Urban Consumers (CPI-U) rose 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 rose 2.0 percent.  The index for all items less food and energy increased 0.2 percent in October.  In addition to the shelter index, the indexes for medical care, used cars and  trucks, tobacco, education, motor vehicle insurance, and personal care were among those that increased. The indexes for new vehicles, recreation, and  apparel all declined.

 

Separate report on Retail Sales showed that U.S. retail sales unexpectedly rose in October as an increase in purchases of motor vehicles and a range of other goods offset a decline in demand for building materials. The data suggested consumer spending remained fairly strong early in the fourth quarter. The Commerce Department said on Wednesday retail sales increased 0.2 percent last month. Economists polled by Reuters had forecast that retail sales would be unchanged in October. The slowdown from September's robust pace largely reflected an unwinding of the boost to building materials and gasoline prices after recent hurricanes.

More in this category: « Eurozone Trade Balance recorded a €26.4bn surplus Australian Unemployment Rate fell to 5.4% »

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