Cars and Trucks Boost October CPI
An increase in energy as well as new and used motor vehicles contributed to gains in the consumer price index for October, the Labor Department reported today. The department reported a one-month rise of 0.30 percent for October and a 0.20 percent increase for all items less food and energy, the same increase as September.
Price increases for used and new vehicles account for 90% of the increase in the all-items index. Prices for airline transportation and medical care also increased. The food index showed a slight increase of 0.10 percent, with dairy-related products showing the biggest increase in the food group.
Analysts expected a rise of 0.30 percent for the one-month all-items index, but expected a rise of only 0.10 percent for the one-month index excluding food and energy.
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