Consumer Price Index: Inflation Increased 0.4%
Consumers paid 2.0% more in September 2016 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. The level of inflation increased 0.4 percentage points from the 1.6% measured in August 2016.
The Consumer Price Index report said, “Between August 2016 and September 2016, the average cost of goods and services in the CPI increased by 1.0%. The all-items index rose to 102.7 in August. This means that the basket of goods and services that cost $100.00 in April 2015 now costs $102.70.
“The Education, Recreation, Entertainment & Reading sector was the largest contributor to the year-over-year change, increasing 4.3%. The leading contributors to the increase were local and overseas school tuition. In addition, the Health & Personal Care sector and the Food Sector also impacted significantly the year-over-year increase. These sectors rose 3.7 and 1.9%, respectively.”
The full September 2016 Consumer Price Index follows below [PDF here]:
