Consumer Price Index for October
Consumer prices, as measured by the Consumer Price Index, rose 40% faster this year when compared to last year through October.
During the first 10 months of 2007, the Consumer Price Index for All Urban Consumers (CPI-U) rose at a 3.6% seasonally adjusted annual rate (SAAR). This compares with an increase of 2.5% for all of 2006. The index for energy, which increased 2.9% in 2006, advanced at a 12.3% SAAR in the first 10 months of 2007. Petroleum-based energy costs increased at a 20.6% annual rate and charges for energy services rose at a 2.7% annual rate. The food index has increased at a 5.5% rate thus far in 2007, following a 2.1% rise for all of 2006. Excluding food and energy, the CPI-U advanced at a 2.3% SAAR in the first 10 months of 2007 after increasing 2.6% in 2006.
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by April Szuch.
