U.S. Consumer Prices up 0.3%

Oct. 17, 2007
Higher than expected

As a broad range of increases kept up moderate inflation pressures, consumer prices rose 0.3% Labor Department data showed Oct. 16. The consumer price index, a measure of inflation at the retail level, was higher than the 0.2% rise expected by analysts.

Core prices excluding volatile food and energy costs rose 0.2%, in line with forecasts. Over the past 12 months, overall prices are up 2.8% and core prices 2.1%.

Energy prices rose 0.3% in September after falling in each of the prior three months Food prices rose 0.5% in September.

Transportation prices rose 0.1%, while housing prices, medical prices and apparel prices each rose 0.3% in September.

Copyright Agence France-Presse, 2007

About the Author

Agence France-Presse

Copyright Agence France-Presse, 2002-2017. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.

Sponsored Recommendations

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!