Consumer Price Index: Inflation Dropped 0.4%
Consumers paid 1.0% more in September 2015 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. The level of inflation dropped 0.4 percentage points from the 1.4% measured in August 2015.
The report said, “Between August 2015 and September 2015, the average cost of goods and services in the Consumer Price Index increased 0.3%. The all-items index rose to 100.7 index points in September. This means that the basket of goods and services that cost $100.00 in April 2015 now cost $100.70.
“The Fuel & Power sector was the largest contributor to the year-over-year decrease in September 2015, falling 11.3%. The major driver in this sector was the cost of electricity
“The Transport & Foreign Travel sector had a large impact in the year-over-year decrease. Price shifts in this sector dropped 4.8%.”
The full September 2015 Consumer Price Index follows below [PDF here]:
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