89.9 FM Live From The University Of New Mexico
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Consumer Prices Ticked Down In October

There was a scant 0.1 percent dip in the consumer price index in October from September, the Bureau of Labor Statistics just reported.

The major reason for the dip: "The energy index turned down in October after increasing in each of the three previous months as the gasoline and household energy indexes declined after a series of seasonally adjusted increases."

On that point, the energy news this month may not be quite so good. The Associated Press just moved this "alert": "Oil hits $100 per barrel for the first time since July."

According to BLS, consumer prices have risen 3.5 percent in the past year.

Copyright 2021 NPR. To see more, visit https://www.npr.org.

Mark Memmott
Mark Memmott is NPR's supervising senior editor for Standards & Practices. In that role, he's a resource for NPR's journalists – helping them raise the right questions as they do their work and uphold the organization's standards.