Consumer Prices Up 0.6 Percent in October (biggest gain in five months)

[papau]

http://www.bls.gov/news.release/cpi.nr0.htm

Wednesday, November 17, 2004
http://www.bls.gov/cpi/

CONSUMER PRICE INDEX: OCTOBER 2004

The Consumer Price Index for All Urban Consumers (CPI-U) increased
0.5 percent in October, before seasonal adjustment, the Bureau of Labor
Statistics of the U.S. Department of Labor reported today. The October
level of 190.9 (1982-84=100) was 3.2 percent higher than in October 2003.

The Consumer Price Index for Urban Wage Earners and Clerical Workers
(CPI-W) increased 0.6 percent in October, prior to seasonal adjustment.
The October level of 186.5 was 3.2 percent higher than in October 2003.

The Chained Consumer Price Index for All Urban Consumers (C-CPI-U)
increased 0.5 percent in October on a not seasonally adjusted basis. The
October level of 111.1 (December 1999=100) was 2.7 percent higher than in
October 2003. Please note that the indexes for the post-2002 period are
subject to revision.

CPI for All Urban Consumers (CPI-U)

On a seasonally adjusted basis, the CPI-U increased 0.6 percent in
October, following a 0.2 percent rise in September. Energy costs, which
had declined in each of the preceding three months after advancing sharply
in the first half of the year, increased 4.2 percent in October,
accounting for over half of the advance in the overall CPI-U. Within
energy, the index for petroleum-based energy increased 8.5 percent, while
the index for energy services declined 0.9 percent. The index for food,
which was unchanged in September, rose 0.6 percent in October. The index
for food at home rose 0.8 percent, reflecting a 6.0 percent increase in
the index for fruits and vegetables. The index for all items less food
and energy advanced 0.2 percent in October, following a 0.3 percent rise
in September. The indexes for lodging away from home and for used cars,
which accounted for more than half of the September increase in the index
for all items excluding food and energy, registered small increases in
October. This moderation was largely offset by upturns in the indexes for
household furnishings and operations, for new vehicles, and for apparel.

http://story.news.yahoo.com/news?tmpl=story&ncid=716&e=5&u=/ap/20041117/ap_on_bi_go_ec_fi/economy

Consumer Prices Up 0.6 Percent in October



By JEANNINE AVERSA, Associated Press Writer

WASHINGTON - Consumer prices — stoked by more expensive gasoline as well as pricier fruits and vegetables — heated up in October, rising by 0.6 percent, the biggest gain in five months.

[sally343434]

1. Yeah, but...

I always laugh to myself when I hear these reports because they always add the silly bit, "but when you remove the items that went up in price, inflation was very low!"

[papau]

2. year to year we have 3+ inflation! - they can not ignore the facts

and last month annualized (*granted a stupid math move that means little - but it does offset some of the equally stupid Bush econ number games) is 22.4% annually for the PPI, and 7.44% for the CPI!

[cliss]

3. That's horrendous.

Prices are moving up, but our wages are not keeping up.

[struggle4progress]

5. That's the ownership society for ya. eom

[Yavin4]

4. You Know, If You Remove The Good Looks, British Accent, and Successful

acting career, I'd be Jude Law.