Key Points:
- The Consumer Price Index (CPI) rose 0.4% in September from August and is up 8.2% in the last year.
- The core CPI which excludes food and energy rose to 6.6% in September, the highest rate since August 1982.
- The overall food index rose 11.2%, food at home rose 13.0%, and food away from home rose 8.5% over the past 12 months.
- The largest increase in food was for cereals and bakery products, which increased 16.2% and dairy which increased 15.9%.
- The index for food away from home rose 8.5%, full service meals rose 8.8%, and limited service meals rose 7.1% over the last 12 months.
- The energy index rose 19.8% over the past 12 months as all the major energy component indexes increased.
- Fuel oil increased 58.1%, gasoline increased 18.2%, electricity increased 15.5%, and natural gas rose 33.1% over the last 12 months.
- The index for airline fare rose 42.9%, used cars and trucks increased 7.2%, new vehicles increased by 9.4%, tobacco and smoking products increased by 8.2%, apparel increased by 5.5%, and rent increased 7.2%.
- The Right Facts will continue to monitor inflation.