Consumer Price Index Rose 0.4% in September 2021

By Tom Burnett CFA

On October 13, 2021, the Bureau of Labor Statistics released its summary of consumer price inflation for the month of September.  The overall increase was 0.4%, up from 0.3% in August, but down from the 0.5% increase in July.  Over the last 12 months, the CPI has increased by 5.4%.  The energy index rose 1.3% in the month and gasoline prices increased by 1.2%.

The Index for the Core Rate (excluding food and energy) rose 0.2% in September, after increasing 0.1% in August.  Over the past 12 months, the Core Rate rose 4.0%, the same rate as the 12 months ending in August.  The major item in the overall Index increase was the Energy complex which rose by 24.8% in the 12 months ended in September.


The next CPI release will be issued on November  10, 2021.

Tom Burnett CFA is Director of Research