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Inflation · ORIGINAL ECONOMIC RELEASE

September 2009 Consumer Price Index

On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2 percent in September, the Bureau of Labor Statistics reported today. The increase was less than the 0.4 percent rise in August. The index…

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On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2 percent in September, the Bureau of Labor Statistics reported today. The increase was less than the 0.4 percent rise in August. The index has decreased 1.3 percent over the last 12 months on a not seasonally adjusted basis.

The seasonally adjusted increase in the all items index was broad based, although tempered by a decline in the food index. The all items less food and energy index increased 0.2 percent in September after increasing 0.1 percent in each of the previous two months. Contributing to this increase were advances in the indexes for lodging away from home, medical care, new vehicles, used cars and trucks, and public transportation. The increase occurred despite declines in the indexes for rent and owners' equivalent rent, the first decreases in those indexes since 1992. The energy index also increased in September, as increases in the indexes for gasoline, fuel oil and electricity more than offset a decline in the index for natural gas.

In contrast to these increases, the food index declined, falling for the sixth time in the last eight months. The index for food away from home increased, but the food at home index declined as the indexes for fruits and vegetables and for meats, poultry, fish and eggs fell sharply. Both the food and energy indexes have declined over the past 12 months. The decline in the food index is the first 12-month decrease in that index in over 40 years.

Seasonally adjusted changes from preceding month Un- adjusted 12-mos. Mar. Apr. May June July Aug. Sep. ended 2009 2009 2009 2009 2009 2009 2009 Sep. 2009

Consumer Price Index Data for September 2009

Food

After rising 0.1 percent in August, the food index declined 0.1 percent in September. The index for food away from home rose 0.1 percent while the food at home index declined 0.3 percent, its eighth decline in the last 10 months. The September decrease was driven by declines in the indexes for fruits and vegetables, which fell 1.2 percent, and for meats, poultry, fish and eggs, which decreased 1.0 percent. The index for nonalcoholic beverages was unchanged in September, while the other grocery store food groups posted increases. After declining for nine straight months, the index for dairy and related products rose 0.5 percent in September. The cereals and bakery products index increased 0.3 percent and the index for other food at home rose 0.1 percent. Over the past year, the food at home index has decreased 2.5 percent, with the fruits and vegetables, dairy, and meat groups all posting significant declines. The food index has declined 0.2 percent since September 2008, the first 12- month decrease since April 1967.

Energy

The energy index rose 0.6 percent in September after increasing 4.6 percent in August. The index for energy commodities rose 1.1 percent, with the gasoline index increasing 1.0 percent. (Before seasonal adjustment, gasoline prices fell 2.1 percent in September.) The index for energy services, which was unchanged in August, rose 0.1 percent in September. The electricity index rose 0.6 percent while the index for natural gas declined 1.7 percent. Over the past 12 months, the energy index has fallen 21.6 percent with all its major components declining. The gasoline index decreased 29.7 percent, the index for natural gas declined 28.0 percent, and the electricity index fell 0.1 percent.

All items less food and energy

The index for all items less food and energy rose 0.2 percent in September after increasing 0.1 percent in both July and August. One contributor to the increase was the medical care index, which rose 0.4 percent in September. The index for medical care commodities rose 0.6 percent in September, with the prescription drugs index rising 0.6 percent and the index for nonprescription drugs advancing 1.1 percent. Several transportation indexes contributed to the increase in the index for all items less food and energy. The new vehicles index, which declined 1.3 percent in August, rose 0.4 percent in September. The index for used cars and trucks increased sharply for the second month in a row, rising 1.6 percent, and the index for public transportation rose 2.1 percent as the airline fares index increased 3.4 percent. The tobacco index rose 1.0 percent in September and has risen 26.1 percent since February. The shelter index was unchanged in September, as a 1.5 percent increase in the index for lodging away from home was offset by declines of 0.1 percent in the heavily weighted rent and owners' equivalent rent indexes. For the past 12 months, the index for all items less food and energy has risen 1.5 percent. The indexes for shelter, new vehicles, medical care and tobacco have all risen during the period, while the indexes for used cars and trucks and public transportation have declined.

Not seasonally adjusted CPI measures

The Consumer Price Index for All Urban Consumers (CPI-U) decreased 1.3 percent over the last 12 months to an index level of 215.969 (1982-84=100). For the month, the index increased 0.1 percent prior to seasonal adjustment.

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) decreased 1.7 percent over the last 12 months to an index level of 211.322 (1982-84=100). For the month, the index increased 0.1 percent prior to seasonal adjustment.

The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) decreased 1.4 percent over the last 12 months. For the month, the index increased 0.1 percent on a not seasonally adjusted basis. Please note that the indexes for the post-2007 period are subject to revision.

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Source: U.S. Bureau of Labor Statistics · Original release Oct 15, 2009.

Archived Nov 11, 2026. Source reuse policy. Formatting has been adapted for reading; the source’s conclusions remain attributed to its publisher.

MortgageRates.news analysis · Historical context

The mortgage market around this release

This original analysis is separate from the source article. It compares observed benchmarks around ; historical averages and yields are not current mortgage offers.

Read consumer inflation on a consistent basis

The Consumer Price Index measures changes in prices paid by urban consumers for a basket of goods and services. Check the index, reference month and seasonal adjustment before comparing figures. A monthly change and a twelve-month change describe different periods; the all-items index and the measure excluding food and energy cover different baskets. Consumer inflation informs the wider policy discussion, but the benchmark comparison below does not isolate this release from other information arriving during the month. BLS Consumer Price Index.

Nearest published observation on or before each target date
Benchmark30 days earlierSep 15, 2009Publication referenceOct 15, 200930 days laterNov 14, 2009
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®5.07%Observed 4.92%Observed −15 bps vs. earlier reference4.91%Observed −1 bps vs. publication reference
10-year TreasuryDaily par yieldU.S. Department of the TreasuryUnavailableBefore available coverage, which starts Jan 4, 2016.UnavailableBefore available coverage, which starts Jan 4, 2016.UnavailableBefore available coverage, which starts Jan 4, 2016.

Calendar references, not an intraday reaction. A same-day market observation may have been published after a morning release. These figures do not show what was known at its exact publication time. One basis point (bp) is 0.01 percentage point; changes use the actual dated observations shown.

Six months around publication

Jul 15, 2009 – Jan 15, 2010
Historical mortgage and Treasury observations around Oct 15, 2009Each dot is a published observation. No missing values are estimated. The dashed vertical line marks the article’s publication calendar date. Rates and yields are percentages.4.50%5.00%5.50%Publication date30-year fixed mortgage: 5.14% · Jul 16, 200930-year fixed mortgage: 5.20% · Jul 23, 200930-year fixed mortgage: 5.25% · Jul 30, 200930-year fixed mortgage: 5.22% · Aug 6, 200930-year fixed mortgage: 5.29% · Aug 13, 200930-year fixed mortgage: 5.12% · Aug 20, 200930-year fixed mortgage: 5.14% · Aug 27, 200930-year fixed mortgage: 5.08% · Sep 3, 200930-year fixed mortgage: 5.07% · Sep 10, 200930-year fixed mortgage: 5.04% · Sep 17, 200930-year fixed mortgage: 5.04% · Sep 24, 200930-year fixed mortgage: 4.94% · Oct 1, 200930-year fixed mortgage: 4.87% · Oct 8, 200930-year fixed mortgage: 4.92% · Oct 15, 200930-year fixed mortgage: 5.00% · Oct 22, 200930-year fixed mortgage: 5.03% · Oct 29, 200930-year fixed mortgage: 4.98% · Nov 5, 200930-year fixed mortgage: 4.91% · Nov 12, 200930-year fixed mortgage: 4.83% · Nov 19, 200930-year fixed mortgage: 4.78% · Nov 25, 200930-year fixed mortgage: 4.71% · Dec 3, 200930-year fixed mortgage: 4.81% · Dec 10, 200930-year fixed mortgage: 4.94% · Dec 17, 200930-year fixed mortgage: 5.05% · Dec 24, 200930-year fixed mortgage: 5.14% · Dec 31, 200930-year fixed mortgage: 5.09% · Jan 7, 201030-year fixed mortgage: 5.06% · Jan 14, 2010Jul 15, 2009Oct 15, 2009Jan 15, 2010
30-year fixed mortgage27 observations
Dots show published observations only. Missing dates remain blank, with no interpolation. The series have different publication schedules and measure different markets.

What that benchmark difference would mean for a $300,000 loan

At the publication reference$1,595.83/month

4.92% · Oct 15, 2009

At the later reference$1,594.00/month

4.91% · Nov 12, 2009

The illustrative principal-and-interest payment is $1.82 lower per month. This holds the loan amount and term constant to show the arithmetic effect of the benchmark difference.

Assumptions: two separate hypothetical $300,000 loans, each fully amortizing over 30 years with 360 monthly payments and its stated fixed interest rate. Excludes points, lender fees, taxes, insurance, association charges and other costs. PMMS is a national average, not an APR or a personalized rate offer. These are not two payments on one existing loan.

Sources, historical coverage and calculation limits

The 30-day comparisons use calendar days. Each cell selects the last published observation on or before its target; no rates are synthesized for missing dates. Gaps greater than seven days for daily Treasury data or fourteen days for weekly mortgage data are marked unavailable. Forward comparisons require the date to have arrived and source coverage to extend through it.

Historical files may contain revisions and do not reconstruct precisely what every market participant knew at the time. Freddie Mac changed its PMMS collection methodology in November 2022. Cross-period comparisons should account for that change. These windows include other news and cannot establish causation or forecast the next rate move.

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