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Consumer Prices Rose 0.4% in October Inflation Eases Slightly to 7.7 percent

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7.7% Inflation rate mean prices double every 9.3 years 

the staff of the Ridgewood

Washington DC, The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in October on a seasonally adjusted basis, the same increase as in September, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.7 percent before seasonal adjustment.

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The index for shelter contributed over half of the monthly all items increase, with the indexes for gasoline and food also increasing. The energy index increased 1.8 percent over the month as the gasoline index and the electricity index rose, but the natural gas index decreased. The food index increased 0.6 percent over the month with the food at home index rising 0.4 percent. The index for all items less food and energy rose 0.3 percent in October, after rising 0.6 percent in September.

The indexes for shelter, motor vehicle insurance, recreation, new vehicles, and personal care were among those that increased over the month. Indexes which declined in October included the used cars and trucks, medical care, apparel, and airline fares indexes. The all items index increased 7.7 percent for the 12 months ending October, this was the smallest 12-month increase since the period ending January 2022. The all items less food and energy index rose 6.3 percent over the last 12 months. The energy index increased 17.6 percent for the 12 months ending October, and the food index increased 10.9 percent over the last year; all of these increases were smaller than for the period ending September.

9 thoughts on “Consumer Prices Rose 0.4% in October Inflation Eases Slightly to 7.7 percent

  1. Not buying that number…its twice that.

  2. We don’t care. We want the pedestrian mall and we don’t like Trump. 20% inflation is worth it. Biden is the most successful prez in history. Those who vote red, do not belong in RW.

    1. Ha..

      The most racist president in history

      1. Please cite examples? Just one?

        1. Hoo boy. You’re gonna get hit with the ol’ “Do YOuR oWN rESEarch I CaNt hoLd yoUR hANd!!1!” nonsense.

          Or something like “Brandon’s gonna make cheeseburgers illegal!”

          1. “I mean, you got the first mainstream African-American who is articulate and bright and clean and a nice-looking guy,” he said. “I mean, that’s a storybook, man.”

            – Joe Biden

  3. 7.7% that’s only 385% of the target.
    Let’s party!

  4. Go to a supermarket today with $50 fir light shopping!
    To do a normal Shopping for a family you better bring over $100, a debit card or credit card!
    I can’t name one item today that is priced less than last month, or months ago.
    For inflation to go down over 2% in October means nothing to my family!

    1. That’s ONLY if you DON’T buy any meat !

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