Both the CPI-U and CPI-W overall (“All Items”) consumer price indexes fell in October, on a seasonally adjusted basis, by 0.06% and 0.11% respectively. Gasoline prices fell by around 10% (seas. adj.) and this sent the monthly change negative (see Contributions below). The annual change (inflation rate) for the two indexes now stand below 1%.
Last October, the two inflation rates were at 2.16% and 2.21% respectively.
| Consumer Price Indexes. Seasonally Adjusted. | ||||||
|---|---|---|---|---|---|---|
| All Items Index | Monthly % Chg. | Annual % Chg. | ||||
| Oct. 2012 |
Sep. 2013 |
Oct. 2013 |
Oct. 2012 |
Sep. 2013 |
Oct. 2013 |
|
| All Urban Consumers (CPI-U) | 0.17 | 0.18 | -0.06 | 2.16 | 1.18 | 0.94 |
| Urban Wage Earners & Clerical Workers (CPI-W) | 0.16 | 0.18 | -0.11 | 2.21 | 1.02 | 0.75 |
The CPI-U All items can be seen trending down, in terms of year/year change (red line) in this chart.
(Note, the red-line shows the seasonally-adjusted annual change, which differs slightly from the unadjusted rate.)
The CPI-U monthly change of -0.06% (6 bp) can be attributed to the individual sub-indexes making up the All Items.The table below and chart show the contributions for the past three months for the top-level, sub-sectors. The contributions may not appear to add to the All Items total because of rounding.
At a finer level of Expenditure Group the following were the major contrubutors:
-16bp to Gasoline (within Transportation),
+ 3bp to Airline Fares (within Transportation)
+5bp to Owner’s Equivalent Rent of Home (Housing),
-3bp to Hotels & Motels
Below we show in graphical form, the contributions of the major sectors over the past three months.
| Contributions to All-Items Monthly % Change All items. CPI-U. Seasonally Adjusted. 100 Basis Points = 1% (May not add to total due to rounding.) |
|||
|---|---|---|---|
| Expenditure Group | Basis Points | ||
| Aug. 2013 |
Sep. 2013 |
Oct. 2013 |
|
| All Items | 9 | 18 | -6 |
| Food and Beverages | 2 | 0 | 2 |
| Housing | 5 | 10 | 4 |
| Apparel | 0 | -2 | -2 |
| Transportation | -3 | 7 | -12 |
| Medical Care | 4 | 2 | 0 |
| Recreation | -0 | -1 | 1 |
| Education and Communication | -0 | 1 | 1 |
| Other Goods and Services | 1 | 0 | -0 |
Click to enlarge