Consumer Price Index: Inflation Dropped 0.4%
Consumers paid 0.6% more in October 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 1.0% measured in September 2015.
The report said, “Between September 2015 and October 2015, the average cost of goods and services in the Consumer Price Index declined 0.1%. The all-items index slipped to 100.6 points in October. This means that the basket of goods and services that cost $100.00 in April 2015 now cost $100.60.
“The Fuel & Power sector was the largest contributor to the year-over-year decrease for the second consecutive month, falling 10.1%. 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 declines in this sector were measured at 6.8%.”
The full October 2015 Consumer Price Index follows below [PDF here]:
