Consumer Prices Rise in October

According to the U.S. Bureau of Labor Statistics, the Consumer Price Index climbed 0.9% on a seasonally adjusted basis in October. The all-items index has risen by 6.2% in the last year.

In October, the food index grew by 0.9%, the same as in September. After climbing 1.2% in September, the index for food at home gained 1.0% in October. The increase in food at home, like in September, was mostly owing to a 1.7% increase in the index for meats, poultry, fish, and eggs. Food purchased outside of the home climbed by 0.8%. Over the last year, the food index has increased by 5.3%.

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