Thursday, November 16, 2006

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[IWS] BLS: CONSUMER PRICE INDEX: OCTOBER 2006 [16 November 2006]

IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations
-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor
---------------------- Stuart Basefsky
New York, NY 10016
-------------------------------Director, IWS News Bureau
________________________________________________________________________

CONSUMER PRICE INDEX:  OCTOBER 2006 [16 November 2006]
http://www.bls.gov/news.release/cpi.nr0.htm
or
http://www.bls.gov/news.release/pdf/cpi.pdf
[full-text, 19 pages]


The Consumer Price Index for All Urban Consumers (CPI-U) decreased
 0.5 percent in October, before seasonal adjustment, the Bureau of Labor
 Statistics of the U.S. Department of Labor reported today.  The October
 level of 201.8 (1982-84=100) was 1.3 percent higher than in October 2005.

      The Consumer Price Index for Urban Wage Earners and Clerical Workers
 (CPI-W) decreased 0.7 percent in October, prior to seasonal adjustment.
 The October level of 197.0 (1982-84=100) was 0.9 percent higher than in
 October 2005.

      The Chained Consumer Price Index for All Urban Consumers (C-CPI-U)
 decreased 0.3 percent in October on a not seasonally adjusted basis.  The
 October level of 117.2 (December 1999=100) was 1.6 percent higher than in
 October 2005.  Please note that the indexes for the post-2004 period are
 subject to revision.

 CPI for All Urban Consumers (CPI-U)

      On a seasonally adjusted basis, the CPI-U declined 0.5 percent in
 October, the same as in September.  Energy prices, which declined 7.2
 percent in September, fell 7.0 percent in October.  Within energy, the
 index for petroleum-based energy decreased 10.7 percent and the index for
 energy services declined 2.5 percent.  The food index increased 0.3
 percent in October.  The index for all items less food and energy rose

 [table]

 0.1 percent in October, following increases of 0.2 percent in each of the
 three preceding months.  Declines in the indexes for apparel and for
 lodging while away from home were largely responsible for the smaller
 advance in October.

      During the first ten months of 2006, the CPI-U rose at a 2.4 percent
 seasonally adjusted annual rate (SAAR).
  This compares with an increase of
 3.4 percent for all of 2005.   The index for energy, which increased 17.1
 percent in 2005, decreased at a 1.5 percent SAAR in the first ten months
 of 2006.  Petroleum-based energy costs were unchanged on average, while
 charges for energy services fell at a 3.1 percent annual rate.  The food
 index has increased at a 2.7 percent rate thus far in 2006, following a
 2.3 percent rise for all of 2005.  Excluding food and energy, the CPI-U
 advanced at a 2.8 percent SAAR in the first ten months of 2006 after
 increasing 2.2 percent in 2005.


AND MUCH MORE...including TABLES....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

****************************************
Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
                                   
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
****************************************






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