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Prices Rose 0.6 Percent in September, 3.7 Percent Over the Year
Gasoline led the monthly jump. Excluding food and energy, prices rose 2.6 percent from a year earlier.
The Consumer Price Index rose 0.6 percent in September on a seasonally adjusted basis and 3.7 percent over the past 12 months, the Bureau of Labor Statistics reported October 14. Gasoline prices rose.
The index excluding food and energy, which economists watch as a guide to underlying inflation, rose 0.3 percent in the month and 2.6 percent over the year. The gap between the two figures means energy did much of the work in September.
This is the report that set next year's Social Security adjustment, and it is one of the main inputs the Federal Reserve weighs before its October 27–28 decision.
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