October 20, 2004 (The Editor’s Desk is updated each business day.)
CPI advances 0.2 percent in September
On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in September 2004, following a 0.1-percent increase in August.
[Chart data—TXT]
Energy costs declined for the third consecutive month—down 0.4 percent in September—after advancing sharply in the first half of the year. Within energy, the index for household fuels decreased 0.9 percent, while the index for motor fuels rose 0.1 percent.
The index for food was unchanged in September, as a 0.2-percent decline in the index for food at home was offset by a 0.3-percent increase in the index for food away from home. The index for all items less food and energy advanced 0.3 percent in September, following increases of 0.1 percent in each of the preceding three months.
Consumer prices increased at a seasonally adjusted annual rate (SAAR) of 0.6 percent in the third quarter of 2004, following increases in the first and second quarters at annual rates of 5.1 and 4.8 percent, respectively. This brings the year-to-date annual rate to 3.5 percent and compares with an increase of 1.9 percent in all of 2003.
For the 12-month period ended in September, the CPI-U rose 2.5 percent, as shown in the chart.
These data are from the BLS Consumer Price Index program. For more information, see
Consumer Price Index: September 2004 (PDF) (TXT),
news release USDL 04-2147.
Of interest
Spotlight on Statistics: National Hispanic Heritage Month
In this Spotlight, we take a look at the Hispanic labor force—including labor force participation, employment and unemployment, educational attainment, geographic location, country of birth, earnings, consumer expenditures, time use, workplace injuries, and employment projections.
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