CPI: US inflation remained unchanged at 3.7% in the 12 months to September
Summarize
・As reported in the US government announcement on Thursday, October 12, the US inflation rate rose in September, but the increase was not as pronounced as in August. Consumer sentiment continues to be squeezed by soaring housing prices. More than half of the profits are in addition to rising gasoline prices.
・Consumer prices in the US rose 0.6% in August.
exhaustive
・Overall food prices have risen 0.2% for 3 consecutive months. In the food category, food prices rose 0.1% from the previous 0.2 percent increase. Also, the cost of eating out continued to increase at a rapid pace, increasing 0.4% compared to the 0.3% increase in the previous month.
・Meanwhile, the food inflation rate over the past year continued to rise to 3.7%, but it is lower than the previous 4.3%. Over the same period, food prices rose 2.4%, and the cost of food consumed outside the home increased 6%. These numbers are compared to the previous rates of increase of 3% for groceries and 6.5% for eating out, respectively.
comparisons
・In recent 12-month comparisons, we achieved increases of 7.3% in August, 7.7% in July, 7.8% in June, 8% in May, 8.1% in April, and 8.2% in March, and recorded the most significant increase in 12 months. Since 1982/6.
・The components of housing include the rent of an apartment, the amount equivalent to rent, the price of lodging facilities other than home such as hotels and motels, school housing, etc. This index accounts for about one-third of the total CPI.
・Regarding the main annual rates,The inflation rate increased 3.7% from the previous year, which was consistent with previously reported rates.
・From several perspectives, the inflation rate peaked at 9.1% in the 12 months up to July 2022. This was the fastest rate of inflation since November 1981. Furthermore, the inflation rate until March this year was over 6% for 17 consecutive months.
・Meanwhile, core inflation has risen 4.1% over the past year, down from 4.3% previously. The “all items excluding food and energy” index, which is the core of this index, is one of the benchmark inflation rates monitored by the Federal Open Market Committee (FOMC) as a guideline when central banks set key interest rates. As a second example, the current pace is the slowest since September 2021.
{Source: US Department of Labor Statistics (www.bls.gov/cpi)}
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