US CPI increases in September

The US Bureau of Statistics said that in September, the CPI rose .2%, rising 1.4% over the last 12 months.

Annual CPI has moved from 0.10% in May 2020 to the current level of 1.40%. Food inflation is currently running at 3.90%, Medical care services rose 4.90%, Education and communication rose 2.10%. Offsetting these gains was an annual fall of 6% in Apparel and a 7.70% fall in Energy.

Current Energy price falls may be large but can be seen as a recovery following the peak falls in May 2020 when annual prices fell 18.90% due to the drop in oil prices.

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