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CPI for urban consumers rises 1.5 percent in year

The Consumer Price Index for All Urban Consumers (CPI-U) rose 1.5 percent nationwide from September 2015 to September 2016, the largest 12-month increase since October 2014, according to the Bureau of Labor Statistics report released Tuesday. Year-over-year regional CPI-U increases ranged from 2 percent in the West to 1.1 percent in the Midwest. Compared to September 2015, Northeast urban consumers are currently paying more for medical care (4.2 percent) and rent (2.7 percent) and—despite recent increases—less for gasoline (-5.9 percent), according to the BLS report.

10/21/2016 (c) 2016 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email rbj@rbj.net.
 

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