Gasoline, Milk, and Beef in the September Price Report

Script

The Bureau of Labor Statistics released the September Consumer Price Index on October 14. Prices rose 0.6 percent that month, seasonally adjusted, after 0.4 percent in August. Over the twelve months through September, prices are up 3.7 percent before seasonal adjustment, versus 3.4 percent through August. Gasoline rose 9.1 percent in September and made up more than half of the monthly all-items increase. Gasoline of all types is up 34.2 percent over the year. Food prices were unchanged in September. Food at home fell 0.1 percent. The meats, poultry, fish, and eggs index fell 0.5 percent, and beef fell 1.0 percent. Dairy and related products fell 0.9 percent, and milk fell 2.0 percent. Leaving out food and energy, prices rose 0.3 percent in September and 2.6 percent over the year. This is a second look at that same release, aimed at gas, milk, and beef.

Claims