Consumer Price Index Rose By 0.4% in October

The Consumer Price Index increased 0.4% in October on seasonally adjusted basis, the U.S. Department of Labor reported. Over the last 12 months, the all items index rose 1.6% before seasonal adjustment.

As in September, increases in the shelter and gasoline indexes were the main causes of the rise in the all items index. The gasoline index rose 7.0% in October and accounted for more than half of the increase in the all items index.

The energy index increased 3.5%, its largest advance since February 2013. The indexes for fuel oil and gasoline were up 5.9% and 7.0%, respectively, while the indexes for electricity and natural gas saw relatively smaller increases of 0.4% and 0.9%.