Skip to main content

Inflation: Here's what's becoming more expensive

With inflation running hot in October, American consumers paid slightly more for most goods and services compared to the previous month, and far more compared to a year ago.

The Labor Department’s consumer price index (CPI), a key inflation gauge that measures how much Americans pay for goods and services, rose 0.9 percent over the month in October and 6.2 percent over the year, with the annual figure reflecting the highest pace of price hikes in nearly 31 years.

The agency’s report (pdf), released Nov. 10, breaks down how much prices have increased for certain key services and goods, including gas, food prices, electricity, and used cars. Seasonally adjusted figures are only available for the month-over-month comparison, while seasonally unadjusted data is available in both over-the-year and over-the-month formats.

Gasoline: 49.6 percent year-over-year and 3.7 percent month-over-month seasonally unadjusted; 6.1 percent month-over-month, seasonally adjusted

Fuel oil: 59.1 percent year-over-year and 12.3 percent month-over-month seasonally unadjusted; 12.3 percent month-over-month, seasonally adjusted

Electricity: 6.5 percent year-over-year and minus 0.1 percent month-over-month seasonally unadjusted; 1.8 percent month-over-month, seasonally adjusted

Utility (piped) gas service: 28.1 percent year-over-year and 6.5 percent month-over-month seasonally unadjusted; 6.6 percent month-over-month, seasonally adjusted

Propane, kerosene, and firewood: 34.7 percent year-over-year and 7.9 percent month-over-month seasonally unadjusted; 6.2 percent month-over-month, seasonally adjusted

Food: 5.3 percent year-over-year and 1.0 percent month-over-month seasonally unadjusted; 0.9 percent month-over-month, seasonally adjusted

Meats, poultry, fish, and eggs: 11.9 percent year-over-year and 1.4 percent month-over-month seasonally unadjusted; 1.7 percent month-over-month, seasonally adjusted

Bacon and similar products: 20.2 percent year-over-year and 2.1 percent month-over-month seasonally unadjusted; 2.0 percent month-over-month, seasonally adjusted

Pork chops: 15.9 percent year-over-year and 5.0 percent month-over-month seasonally unadjusted; 5.0 percent month-over-month, seasonally adjusted

Uncooked beef steaks: 24.2 percent year-over-year and 1.9 percent month-over-month seasonally unadjusted; 1.7 percent month-over-month, seasonally adjusted

Peanut butter: 6.0 percent year-over-year and 3.3 percent month-over-month seasonally unadjusted; 3.3 percent month-over-month, seasonally adjusted

Coffee: 4.7 percent year-over-year and 1.7 percent month-over-month seasonally unadjusted; 2.8 percent month-over-month, seasonally adjusted

Restaurant prices: 5.3 percent year-over-year and 0.8 percent month-over-month seasonally unadjusted; 0.8 percent month-over-month, seasonally adjusted

Furniture and bedding: 12.0 percent year-over-year and 0.3 percent month-over-month seasonally unadjusted; 0.3 percent month-over-month, seasonally adjusted

Sporting goods: 8.7 percent year-over-year and 1.6 percent month-over-month seasonally unadjusted; 1.6 percent month-over-month, seasonally adjusted

Appliances: 6.6 percent year-over-year and minus 0.2 percent month-over-month seasonally unadjusted; minus 0.1 percent month-over-month, seasonally adjusted

Used cars and trucks: 26.4 percent year-over-year and 1.4 percent month-over-month seasonally unadjusted; 2.5 percent month-over-month, seasonally adjusted

New cars and trucks: 9.8 percent year-over-year and 2.6 percent month-over-month seasonally unadjusted; 1.4 percent month-over-month, seasonally adjusted

Motor vehicle maintenance and repair: 5.4 percent year-over-year and 1.5 percent month-over-month seasonally unadjusted; 1.5 percent month-over-month, seasonally adjusted

Delivery services: 7.5 percent year-over-year and 0.4 percent month-over-month seasonally unadjusted; 0.7 percent month-over-month, seasonally adjusted

Rent: 2.7 percent year-over-year and 0.5 percent month-over-month seasonally unadjusted; 0.4 percent month-over-month, seasonally adjusted

Lodging away from home: 22.3 percent year-over-year and minus 3.2 percent month-over-month seasonally unadjusted; 1.4 percent month-over-month, seasonally adjusted

Labels:

Comments

Post a Comment

Thanks for the comment. Will get back to you as soon as convenient, if necessary.

Popular posts from this blog

California: A Model for the Rest of the Country, Part 2

Part 1 here . On Leaving the Golden State Guest Post by NicklethroweR . Posted on the Burning Platform. The fabled Ventura Highway is all that separates my artist loft from the beach where surfing first came to the United States. Both my balcony and front patio face the freeway at about eye level and I could easily smack a tennis ball right on to the ever busy 101. Access to the beach and boardwalk is very important to a Tourist Town such as mine and I can see one underpass from my balcony and another underpass from the patio. Further up the street are two pedestrian bridges. Both have been recently remodeled so that people can not use it to kill themselves by leaping down into traffic. The traffic, just like the spice, must flow and the elites that live here do not like to be inconvenienced as they dart about between Malibu and Santa Barbara. Another feature of living where I live would have to be the homeless, the insane and the drug addicts that wander this particular...
Post a Comment
Read more

Top Five Consumer Cyber Security FAQs

Business, technology, environmental and economic changes are a part of life, and they are coming faster all the time. All of these changes and advancements can be distracting and make us more vulnerable to cyber scams. That's why protecting your credit is a critical part of protecting yourself from cyber security threats. Security researchers have reported that hackers and scammers are using any opportunity or vulnerability to target both individuals and companies. You may have already seen these attempts in the form of fake emails or calls. Here are the top five questions Equifax ®  has received about how individuals can protect themselves from cyber security threats and help to improve your credit protection. 1. How can I better protect my credit? Check your credit reports frequently. You can get free credit reports from the nationwide credit reporting agencies (Equifax, Experian ®  and TransUnion ® ) at annualcreditreport.com. Check your credit reports frequently to closely...
Post a Comment
Read more

School Choice Passed by Texas Senate

The Texas Senate on Thursday approved a $500 million school choice bill mostly along party lines after hours of passionate debate. It will now head for consideration in the House, where members rejected similar proposals during the regular session. Senators passed Senate Bill 1 by a 18-13 vote, with one Republican joining all Democrats in voting against the measure. The bill will likely face steep resistance in the House, where Democratic members and many rural Republicans have vehemently opposed such proposals. School choice programs, also called education savings accounts or vouchers, use public money to help pay for a child’s private schooling. “We must recognize that a one-size-fits-all approach doesn't fit the needs of our diverse student population,” said Sen. Brandon Creighton, R-Conroe, who authored SB 1 and estimated the proposal could serve about 60,000 students. Texas has about 5.5 million children in public schools. Public schools have failed the American people, especi...
Post a Comment
Read more