Consumer Price Index: Inflation Decreased 0.8%

December 19, 2017

Consumers paid 1.5% more in September 2017 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI], and the level of inflation decreased 0.8 percentage points from the 2.3% measured in August 2017.

This is according to the latest Consumer Price Index, which said, “Between August 2017 and September 2017, the average cost of goods and services in the CPI increased by 0.2 percent. The all-items index rose to 104.2 in September. This means that the basket of goods and services that cost $100.00 in April 2015 now costs $104.20.

“The Transport & Foreign Travel sector was the largest contributor to the year-over-year increase in September [+3.2%]. The average cost of premium fuels continues to be the leading factor for the year-to-year increase for this sector up 13.7%. In addition, the Tobacco & Liquor sector and the Food sector rose 9.0% and 2.5%, respectively.”

The full September 2017 Consumer Price Index follows below [PDF here]:

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