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Inflation · ORIGINAL ECONOMIC RELEASE

September 2010 Consumer Price Index

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in September on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.1…

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The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in September on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.1 percent before seasonal adjustment.

Increases in food indexes and another rise in the gasoline index contributed to the all items seasonally adjusted increase this month. Four of the six major grocery store food group indexes increased in September as the food index posted its largest increase since October 2008. The gasoline index rose again in September, leading to a third consecutive increase in the energy index despite a decline in the index for household energy.

The index for all items less food and energy was unchanged in September, as it was in August. The shelter index was unchanged for the second month in a row. The indexes for apparel, household furnishing and operations, recreation, and used cars and trucks all declined in September, offsetting a sharp increase in the index for medical care and a slight increase in the index for new vehicles.

Over the last 12 months, the index for all items less food and energy rose 0.8 percent, the lowest 12-month increase since March 1961, with the shelter component down 0.4 percent. The food index rose 1.4 percent, with both the food at home index and food away from home index rising the same 1.4 percent. The energy index rose 3.8 percent over the last year, with gasoline up 5.1 percent.

Seasonally adjusted changes from preceding month Un- adjusted 12-mos. Mar. Apr. May June July Aug. Sep. ended 2010 2010 2010 2010 2010 2010 2010 Sep. 2010

Consumer Price Index Data for September 2010

Food

The food index rose 0.3 percent in September after a 0.2 percent increase in August. Both the food away from home and the food at home index increased 0.3 percent. Within the latter group, four of the six major grocery store food groups posted increases, with the other two unchanged. The index for meats, poultry, fish, and eggs rose the most, increasing 0.9 percent after declining in August. Within that group, the eggs index rose 7.2 percent. The index for cereals and bakery products rose 0.8 percent in September after a 0.1 percent increase in August. The indexes for dairy and related products and for fruits and vegetables posted slight increases in September, while the indexes for nonalcoholic beverages and for other food at home were unchanged. Over the past year, the indexes for cereals and bakery products and for nonalcoholic beverages have declined, while the indexes for the other four groups have increased.

Energy

The energy index rose 0.7 percent in September after a 2.3 percent increase in August. Following a 3.9 percent increase in August, the gasoline index rose 1.6 percent in September. (Before seasonal adjustment, gasoline prices fell 1.4 percent in September.) In contrast, the household energy index declined in September, falling 0.6 percent, primarily due to a 2.3 percent decrease in the index for natural gas. The electricity index also declined, falling 0.3 percent, while the fuel oil index rose 0.8 percent. The indexes of all the major energy components have risen over the last 12 months.

All items less food and energy

The index for all items less food and energy was unchanged in September, as it was in August. The shelter index was unchanged for the second month in a row. The rent index rose 0.1 percent while the index for owners' equivalent rent was unchanged and the index for lodging away from home fell 0.2 percent. The medical care index rose sharply in September, increasing 0.6 percent. The index for medical care commodities rose 0.3 percent while the index for medical care services increased 0.8 percent with the hospital services index rising 1.8 percent. The index for new vehicles posted a slight increase in September, rising 0.1 percent, while the index for airline fares increased 0.2 percent. Offsetting these increases was a downturn in the index for used cars and trucks and continuing declines in several indexes. The used cars and trucks index fell 0.7 percent in September, its first decline since April 2009. The apparel index decreased 0.6 percent following a 0.1 percent decline last month. The index for household furnishings and operations fell 0.4 percent in September and has now declined in three of the last four months. The recreation index decreased 0.3 percent in September, its third consecutive decline.

The index for all items less food and energy increased 0.8 percent over the last 12 months. The index for education has increased 4.0 percent with the index for college tuition and fees up 4.4 percent. The index for used cars and trucks has risen 12.9 percent over the past year, with the indexes for new vehicles index up 2.1 percent and for airline fares up 6.1 percent. The medical care index has increased 3.4 percent. In contrast to these increases, the index for shelter has fallen 0.4 percent and the indexes for apparel, recreation, household furnishings and operations, and communication have also declined.

Not seasonally adjusted CPI measures

The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.1 percent over the last 12 months to an index level of 218.439 (1982-84=100). For the month, the index rose 0.1 percent prior to seasonal adjustment.

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 1.4 percent over the last 12 months to an index level of 214.306 (1982-84=100). For the month, the index was unchanged prior to seasonal adjustment.

The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 0.9 percent over the last 12 months. For the month, the index rose 0.1 percent on a not seasonally adjusted basis. Please note that the indexes for the post-2008 period are subject to revision.

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Source: U.S. Bureau of Labor Statistics · Original release Oct 15, 2010.

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, 2010Publication referenceOct 15, 201030 days laterNov 14, 2010
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®4.35%Observed 4.19%Observed −16 bps vs. earlier reference4.17%Observed −2 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, 2010 – Jan 15, 2011
Historical mortgage and Treasury observations around Oct 15, 2010Each 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.4.00%4.50%5.00%Publication date30-year fixed mortgage: 4.57% · Jul 15, 201030-year fixed mortgage: 4.56% · Jul 22, 201030-year fixed mortgage: 4.54% · Jul 29, 201030-year fixed mortgage: 4.49% · Aug 5, 201030-year fixed mortgage: 4.44% · Aug 12, 201030-year fixed mortgage: 4.42% · Aug 19, 201030-year fixed mortgage: 4.36% · Aug 26, 201030-year fixed mortgage: 4.32% · Sep 2, 201030-year fixed mortgage: 4.35% · Sep 9, 201030-year fixed mortgage: 4.37% · Sep 16, 201030-year fixed mortgage: 4.37% · Sep 23, 201030-year fixed mortgage: 4.32% · Sep 30, 201030-year fixed mortgage: 4.27% · Oct 7, 201030-year fixed mortgage: 4.19% · Oct 14, 201030-year fixed mortgage: 4.21% · Oct 21, 201030-year fixed mortgage: 4.23% · Oct 28, 201030-year fixed mortgage: 4.24% · Nov 4, 201030-year fixed mortgage: 4.17% · Nov 11, 201030-year fixed mortgage: 4.39% · Nov 18, 201030-year fixed mortgage: 4.40% · Nov 24, 201030-year fixed mortgage: 4.46% · Dec 2, 201030-year fixed mortgage: 4.61% · Dec 9, 201030-year fixed mortgage: 4.83% · Dec 16, 201030-year fixed mortgage: 4.81% · Dec 23, 201030-year fixed mortgage: 4.86% · Dec 30, 201030-year fixed mortgage: 4.77% · Jan 6, 201130-year fixed mortgage: 4.71% · Jan 13, 2011Jul 15, 2010Oct 15, 2010Jan 15, 2011
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$1,465.30/month

4.19% · Oct 14, 2010

At the later reference$1,461.80/month

4.17% · Nov 11, 2010

The illustrative principal-and-interest payment is $3.50 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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