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Consumer Price Index Up in September by 0.65 Percent, Hitting 3.74 Rate for the Year

WASHINGTON, DC – Today, the Joint Economic Committee released its Monthly Inflation Update for September, showing that consumer prices continued to rise, in line with projections.

Headline Consumer Price Index (CPI-U) increased by 0.65 percent in September and rose to 3.74 percent over the past year. Core CPI, which excludes food and energy, increased 0.33 percent in September, higher than expected, and rose to 2.56 percent over the past year. Energy price inflation increased 5.20 percent in September and was up 20.45 percent over the past year. Food price inflation rose 0.05 percent in September and was up 2.48 percent over the past year.

Inflation varied by region, with annual headline CPI inflation highest in the Northeast and Midwest (4.2 percent), followed by the West and South (3.4 percent).

In September, month over month real earnings decreased. Real average weekly earnings for all employees decreased 0.51 percent, while real average hourly earnings decreased 0.53 percent.

For the full update, visit: https://www.jec.senate.gov/public/index.cfm/republicans/inflation-update

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