(Washington, DC – Insurance News 360) – The U.S. Bureau of Labor Statistics announced on October 15 that the consumer price index for all urban consumers (CPI-U) rose 2.3 percent; this is not seasonally adjusted.
Food prices increased 1.4 percent, with prices for food consumed away from home increasing 2.6 percent. Food consumed at home increased in price by 0.4 percent.
Energy prices increased 4.8 percent. The index for fuel oil jumped 23.5 percent, while the gasoline index increased by 9.1 percent. Electricity and natural gas both declined 1.2 percent.
Prices for energy increased 4.8percent over the year ending September 2018. The index for fuel oil rose sharply, increasing 23.4 percent. The gasoline index rose 9.1 percent over the last 12 months, while the electricity and natural gas indexes both declined, falling 1.2 percent.
For items other than food an energy, the index increased 2.2 percent; the shelter index is up 3.3 percent over the year and medical care index is up 1.7 percent as well.
Source: U.S. Bureau of Labor Statistics.