Consumers paid 1.4 percent more in October 2017 than they did a year ago for the same basket of goods and services included in the Consumer Price Index (CPI). The level of inflation decreased one percentage point from the 1.5 percent measured in September 2017.
Between September and October 2017, the average cost of goods and services in the CPI decreased 0.1 percent. The all-items index fell to 104.1 in October. This means that the basket of goods and services that cost $100 in April 2015 now costs $104.10.
The Clothing and Footwear sector was the largest contributor to the year-over-year increase in October (+1.6 percent). The average cost of jewelry rose 8.4 percent.
The Tobacco and Liquor sector and the Food sector rose 9.2 percent and 2.5 percent respectively.
The increase in the average cost of doctor visits (+5.4 percent) propelled a 0.5 percent rise in the Health and Personal Care sector in October.
After no price movement in September, the Rent sector reported a 0.1 percent in October. Properties subjected to rent control rose 0.2 percent.
The Food sector moved up 0.1 percent. Price increases were reported for sweet potatoes (+2.9 percent), condensed milk (+1.9 percent) and fresh salmon (+1.7 percent).
No change was reported in the Household Goods, Services and Supplies sector.
The average cost of female clothing (+0.3 percent) led to a 0.1 percent rise in the Clothing and Footwear sector.
Following a 0.2 percent increase in September, the Fuel and Power sector reported no price movement in October.
The Education, Recreation, Entertainment and Reading sector dipped 0.2 percent. The average cost of pet upkeep (+0.4 percent) was offset by the average cost of recreational equipment (-0.5 percent).
The Transport and Foreign Travel sector slipped 1.4 percent. Decreases were reported in the average cost of premium fuels (-6.1 percent) and overseas car rentals (-1.5 percent).
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