Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessConsumer prices increased 0.4% in September, more than expected

Consumer prices increased 0.4% in September, more than expected

Add to Favorite
Added to Favorite
Photo by Anna Shvets: Pexels

In September, the Consumer Price Index for All Urban Consumers (CPI-U) experienced a 0.4 percent increase on a seasonally adjusted basis, following a 0.6 percent rise in August, according to the U.S. Bureau of Labor Statistics’ latest report. Over the past year, the overall price index grew by 3.7 percent before adjusting for seasonal factors.

More than half of the increase in CPI was attributed to housing expenses, which were the primary cause of inflation.

Although they were down 0.2% on the month, real average hourly earnings were up 0.5% from a year ago.

Inflation remained a top concern for policymakers in September as prices consumers pay rose at a somewhat faster-than-anticipated rate for a variety of products and services.

The primary driver of the monthly uptick in all items was the shelter category, accounting for more than half of the total increase. The gasoline index also played a significant role in the overall monthly price increase. Although the major energy component indices displayed mixed trends in September, the energy index saw a 1.5 percent increase for the month. Meanwhile, the food index saw a 0.2 percent uptick in September, consistent with the previous two months. Within the food category, the index for food at home increased by 0.1 percent, whereas the index for food away from home rose by 0.4 percent.

Excluding food and energy, the all-items index saw a 0.3 percent increase in September, mirroring the increase observed in August. Notable contributors to this increase included rent, owners’ equivalent rent, lodging away from home, motor vehicle insurance, recreation, personal care, and new vehicles. However, certain categories such as used cars and trucks and apparel witnessed decreases during the same period.

Over the 12 months ending in September, the all-items index increased by 3.7 percent, mirroring the growth observed in the 12 months ending in August. The all-items index, excluding food and energy, rose by 4.1 percent over the same 12-month period. On the other hand, the energy index experienced a 0.5 percent decrease over the 12 months ending in September, while the food index registered a 3.7 percent increase over the past year.

Celebrity WEB Update— Premier Jewelry designer and manufacturer fashion house ParisJewelry.com has started manufacturing a new custom line of celebrity jewelry designs with 30% Off and Free Shipping. Replenish Your Body- Refilter Your Health with OrganicGreek.com Vitamin Bottles, Vitamins and Herbs. Become a  WebFans  Creator and Influencer.

Subscribe to get Latest News Updates

Latest News

You may like more
more