The Consumer Price Index (CPI) rose 0.5% on a year-over-year basis in September, up from a 0.1% increase in August. Excluding gasoline, the CPI rose 1.0% in September, following a 0.6% increase in August. The acceleration in the CPI was largely due to price changes in the transportation, recreation, education and reading, and shelter components. Year over year, the decline in gasoline prices (-10.7%) in September was comparable to the 11.1% decrease in August, while food price growth (+1.6%) slowed slightly compared with last month (+1.8%). On a seasonally adjusted monthly basis, the CPI rose 0.1% in September. ... (full story)