US Inflation Rate Slows to 4-Year Low in October
In October of 2013, the US inflation rate eased for the third straight month to 1 percent, the lowest rate since October of 2009. From September, prices dropped 0.1 percent, mainly due to a fall in gasoline prices.
The energy index has declined 4.8 percent over the last 12 months, its largest 12-month decline since July of 2012. The index for all items less food and energy has risen 1.7 percent over the last year, while the food index has risen 1.3 percent.
Month-over-month, the gasoline index fell 2.9 percent in October and led to the seasonally adjusted decline in the all items index. Other energy indexes were mixed, with the electricity index rising, but the indexes for fuel oil and for natural gas declining.
The food índex rose slightly, with major grocery store food group indexes evenly split between advances and declines.
The index for all items less food and energy rose 0.1 percent in October. The shelter index rose, but posted its smallest increase since December of 2012. The indexes for airline fares, for recreation, and for used cars and trucks also increased. The medical care índex was unchanged, while the indexes for apparel, for household furnishings and operations, and for new vehicles all declined.
11/20/2013 1:47:53 PM