Consumer Price Index in September 2008
October 17, 2008
On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) was virtually unchanged in September following a 0.1-percent decrease in August. The index for energy fell 1.9 percent in September following a 3.1-percent decline in August.
The food index advanced 0.6 percent in September, the same increase as in August. The index for food at home rose 0.6 percent in September after a 0.8-percent rise in August and is up 7.6 percent over the past year.
The index for all items less food and energy increased 0.1 percent in September, decelerating for the second straight month. Contributing to the deceleration were downturns in the indexes for apparel and airline fares, a smaller increase in the index for recreation, and a steeper decline in the index for new and used motor vehicles.
Consumer prices increased at a seasonally adjusted annualized rate (SAAR) of 2.6 percent in the third quarter of 2008 following increases in the first and second quarters at annual rates of 3.1 and 7.9 percent, respectively. This brings the year-to-date annual rate to 4.5 percent and compares with an increase of 4.1 percent for all of 2007.
For the 12 months ended in September 2008, the CPI-U rose 4.9 percent, as shown in the chart.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer Price Index in September 2008 on the Internet at https://www.bls.gov/opub/ted/2008/oct/wk2/art04.htm (visited January 20, 2020).
Recent editions of Spotlight on Statistics
- A look at employment and wages in U.S. establishments with foreign ownership
Examines employment and wages in U.S. establishments that have at least one foreign owner with at least 10 percent ownership.
- 25 years of Worker Injury, Illness, and Fatality Case Data
Examines detailed historical data on work-related injuries, illnesses, and fatal injuries.
- Occupational employment projections through the perspective of education and training
Examines employment, projected employment growth, and wages for occupations with different education and training requirements.
- Workers in Alternative Employment Arrangements
A look at independent contractors, on-call workers, temporary help agency workers, and workers provided by contract firms.