The Consumer Price Index, a measure of the average price level of a basket of consumer goods and services, was up 0.2% for the month of September, while the core CPI rate, excluding energy and food, rose 0.2%. On a year-over-year basis, consumer prices were down 1.3%.
Here is a breakdown of the inflation benchmark to show you where costs are rising most.
- CPI: Up +.2%
- Ex Food & Energy: Up +.2%
- Food: Down -.1%
- Energy: Up +0.7%
- Housing: Up +.02%
- Apparel: Down Up +.14%
- Transportation: Up +0.78%
- Medical Care: Up +.43%
- Recreation: Down -.13%
- Education & Communication: Up +.08%
- Other Goods & Svcs: Up +.27%
The change in core CPI figures show that at least for now, inflation is not an issue. Following the news, the futures remained down. In the pre-markets, financial stocks American Express, Bank of America , General Electric , JP Morgan Chase , and Travelers are leading the Dow to the downside.
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