Consumer prices down 0.3 percent in October
November 19, 2001
On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) declined 0.3 percent in October, after increasing 0.4 percent in September.
The energy index, which rose 2.6 percent in September, fell 6.3 percent in October. The index for petroleum-based energy declined 10.2 percent and the index for energy services fell 2.5 percent. The food index rose 0.5 percent in October, following a 0.2-percent rise in September. Excluding food and energy, the CPI-U rose 0.2 percent for the fourth consecutive month.
During the first 10 months of 2001, the CPI-U rose at a 2.1 percent seasonally adjusted annual rate (SAAR). This compares with an increase of 3.4 percent for all of 2000.
For the 12-month period ended in October, the CPI-U increased 2.1 percent.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer prices down 0.3 percent in October on the Internet at http://www.bls.gov/opub/ted/2001/nov/wk3/art01.htm (visited December 22, 2014).