Consumer Price Index (CPI) for October 2023

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for October 2023:

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CPI During October 2023: 307.671

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Consumer Price Index, Headline

Predicted: +0.3%
Actual: -0.038% (-0.118 points)

• Change From 12 Months Ago: +3.241% (+9.659 points)
  

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Consumer Price Index, Minus Food + Energy (Core CPI)

Predicted: +0.3%
Actual: +0.181% (+0.563 point)

Change From 12 Months Ago: +4.031% (+12.065 points)

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The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

• Healthcare
• Housing
• Clothing
• Communications
• Education
• Transportation
• Food and Beverages
• Recreation
• Miscellaneous Goods and Services (grooming expenses, etc.)

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CPI During September 2022: 298.012

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CHART: Consumer Price Index
12-Month Percentage Change
October 2023 Update

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• Click here to view the full Labor Department report.
  

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