The Consumer Price Index, a measure of the average price level of a basket of consumer goods and services, was up 0.4% for the month of August, while the core CPI rate, excluding energy and food, rose 0.1%. On a year-over-year basis, consumer prices were down 1.4%.
Here is a breakdown of the inflation benchmark to show you where costs are rising most.
- CPI: Up +.4%
- Ex Food & Energy: Up +.1%
- Food: Up +.1%
- Energy: Up +4.6%
- Housing: Up +.1%
- Apparel: Down -.1%
- Transportation: Up +2.3%
- Medical Care: Up +.3%
- Recreation: Up +.1%
- Education & Communication: Up +.2%
- Other Goods & Svcs: Up +.1%
The change in core CPI figures show that at least for now, inflation is not an issue. Following the news, the futures remained pointing up this morning. In the pre-markets, Alcoa , DuPont , General Electric , Home Depot , and Boeing are leading the Dow, all up over 1%.
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