Consumer price index up in Boson metro area

The Consumer Price Index for All Urban Consumers (CPI-U) in the Boston metropolitan area edged up 0.2 percent during the two months ending September 2014. Higher prices for all items less food and energy were partially offset by lower gas prices.

]Over the last 12 months, the CPI-U increased 1.6 percent in Boston, about the same rate of increase nationally.

The all items less food and energy index rose 1.9 percent over the year as shelter costs increased locally (+3.3 percent).

Local gasoline prices fell by 22 cents since July, as Boston area motorists paid an average of $3.476 per gallon of gasoline in September. The national average was about the same, $3.463.

Food prices edged up locally over the two months (+0.5 percent), and were up 1.5 percent since September 2013.

Of the seven metropolitan areas for which inflation measures are available this month, the third-highest annual rate (1.5 percent) was recorded in Boston.  The largest increase was seen in Chicago where prices increased 2.1 percent. New York had the lowest rate, 1.0 percent.

© Copyright 2014 Tanna K, All rights Reserved. Written For: Tinytown Unleashed