Washington, DC…The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in October on a seasonally adjusted basis, after increasing 0.4 percent in September, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.2 percent before seasonal adjustment.

The index for shelter continued to rise in October, offsetting a decline in the gasoline index and
resulting in the seasonally adjusted index being unchanged over the month. The energy index fell 2.5
percent over the month as a 5.0-percent decline in the gasoline index more than offset increases in
other energy component indexes. The food index increased 0.3 percent in October, after rising 0.2
percent in September. The index for food at home increased 0.3 percent over the month while the index
for food away from home rose 0.4 percent.

The index for all items less food and energy rose 0.2 percent in October, after rising 0.3 percent in
September. Indexes which increased in October include rent, owners’ equivalent rent, motor vehicle
insurance, medical care, recreation, and personal care. The indexes for lodging away from home, used
cars and trucks, communication, and airline fares were among those that decreased over the month.

The all items index rose 3.2 percent for the 12 months ending October, a smaller increase than the
3.7-percent increase for the 12 months ending September. The all items less food and energy index
rose 4.0 percent over the last 12 months, its smallest 12-month change since the period ending in
September 2021. The energy index decreased 4.5 percent for the 12 months ending October, and the food
index increased 3.3 percent over the last year.