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Jan CPI rose 6.4% vs. 6.2% estimates
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doctorpot1 joined discussion · Oct 13, 2022 07:40

US CPI at 8.2%, higher than anticipated. Higher interest rate to come in the next FOMC meeting?

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4% in September on a seasonally adjusted basis after rising 0.1% in August, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.2% before seasonal adjustment.
Increases in the shelter, food, and medical care indexes were the largest of many contributors to the monthly seasonally adjusted all items increase. These increases were partly offset by a 4.9% decline in the gasoline index. The food index continued to rise, increasing 0.8% over the month as the food at home index rose 0.7%.
The energy index fell 2.1% over the month as the gasoline index declined, but the natural gas and electricity indexes increased. The index for all items less food and energy rose 0.6% in September, as it did in August. The indexes for shelter, medical care, motor vehicle insurance, new vehicles, household furnishings and operations, and education were among those that increased over the month.
There were some indexes that declined in September, including those for used cars and trucks, apparel, and communication. The all items index increased 8.2% for the 12 months ending September, a slightly smaller figure than the 8.3% increase for the period ending August. The all items less food and energy index rose 6.6% over the last 12 months. The energy index increased 19.8% for the 12 months ending September, a smaller increase than the 23.8% increase for the period ending August. The food index increased 11.2% over the last year.
US CPI at 8.2%, higher than anticipated. Higher interest rate to come in the next FOMC meeting?
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doctorpot1
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