The consumer-price index (CPI), which measures the cost of living the United States, rose 0.3 percent in September, the slowest pace in three months, the Labor Department said Wednesday. This increase was in line with forecasts of economists surveyed by Bloomberg News, and eased inflation concerns. Energy and food were the primary cause of the increase, with the food at home index rising 0.6 percent for the third month in a row. The index for all items less food and energy increase 0.1 percent in September, its smallest increase since March. The indexes for clothing declined last month, as did indexes for used cars and recreation. The cost for new vehicles and household furnishings and operations were both flat. The shelter index rose, but at the smallest rate since last April, while the cost for medical care, airlines fares and tobacco each increased. The 12-month change in overall consumer prices edged up to 3.9 percent in September, up from 3.8 percent the previous month. The 12-month change for all items less food and energy remained at 2 percent for the second straight month. Energy prices have risen 19.3 percent over the past year, while food has increased 4.7 percent.
Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.
A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.