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Inflation · ORIGINAL ECONOMIC RELEASE

September 2019 Consumer Price Index

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

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The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in September on a seasonally adjusted basis after rising 0.1 percent in August, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.7 percent before seasonal adjustment.

Increases in the indexes for shelter and food were offset by declines in the indexes for energy and used cars and trucks to result in the seasonally adjusted all items index being flat. The energy index fell 1.4 percent as the gasoline index declined 2.4 percent. The food index increased 0.1 percent in September after being unchanged in each of the prior 3 months.

The index for all items less food and energy rose 0.1 percent in September after increasing 0.3 percent in each of the last 3 months. Along with the shelter index, the indexes for medical care, household furnishings and operations, and motor vehicle insurance all rose in September. The indexes for used cars and trucks, apparel, new vehicles, and communication all declined.

The all items index increased 1.7 percent for the 12 months ending September, the same increase as for the 12 months ending August. The index for all items less food and energy rose 2.4 percent over the last 12 months, also the same increase as the period ending August. The food index increased 1.8 percent over the last year, while the energy index decreased 4.8 percent.

Seasonally adjusted changes from preceding month Un- adjusted 12-mos. Mar. Apr. May June July Aug. Sep. ended 2019 2019 2019 2019 2019 2019 2019 Sep. 2019

Food

The food index increased slightly in September, rising 0.1 percent. The index for food at home was unchanged in September after falling in each of the prior 3 months. Five of the six major grocery store food group indexes increased over the month. The index for cereals and bakery products increased 0.5 percent after declining in August. The indexes for meats, poultry, fish, and eggs and for other food at home both increased 0.3 percent. The index for dairy and related products advanced 0.2 percent, and the index for nonalcoholic beverages rose 0.1 percent.

These increases were offset by a decline in the index for fruits and vegetables, which fell 1.0 percent in September following a 0.5-percent decline in August. The indexes for fresh fruits and for fresh vegetables both declined in September.

The index for food away from home rose 0.3 percent in September after increasing 0.2 percent in August. The index for full service meals increased 0.3 percent and the index for limited service meals rose 0.2 percent.

The food at home index rose 0.6 percent over the last 12 months. Five of the six major grocery store food group indexes rose over that span. The largest increase among them was the 1.4-percent advance in the index for dairy and related products. The fruits and vegetables index was the only one to decline, falling 0.4 percent. The index for food away from home rose 3.2 percent over the last year. The index for full service meals increased 3.6 percent and the index for limited service meals rose 3.0 percent.

Energy

The energy index declined 1.4 percent in September, its fourth decline in the last 5 months. The gasoline index fell 2.4 percent in September following a 3.5-percent decline in August. (Before seasonal adjustment, gasoline prices fell 0.9 percent in September.) The index for natural gas declined 0.7 percent in September, its eighth decline in the last 9 months. The electricity index was unchanged in September following a decline in August.

The energy index decreased 4.8 percent over the past 12 months. The gasoline index fell 8.2 percent, and the fuel oil index declined 8.5 percent over the year. The index for natural gas declined 2.7 percent over the last 12 months. The index for electricity was the only major energy component index to rise over the last year, increasing 0.7 percent.

All items less food and energy

The index for all items less food and energy increased 0.1 percent in September. The shelter index continued to rise, increasing 0.3 percent in September following a 0.2-percent increase in August. The index for rent rose 0.4 percent and the index for owners’ equivalent rent increased 0.3 percent. The index for lodging away from home increased 2.1 percent in September after falling 2.1 percent in August.

The remaining indexes within all items less food and energy were a mix of offsetting increases and declines. The medical care index rose 0.2 percent in September with its component indexes mixed. The index for physicians’ services increased 0.4 percent, the index for hospital services was unchanged, and the index for prescription drugs declined 0.5 percent. The index for household furnishings and operations increased 0.3 percent over the month, as did the index for motor vehicle insurance. Also rising in September were the indexes for airline fares, for tobacco, and for education.

The index for used cars and trucks declined in September, falling 1.6 percent. The apparel index fell 0.4 percent in September after rising in each of the prior 3 months. Also declining in September were the indexes for new vehicles, for communication, for alcoholic beverages, and for personal care. The recreation index was unchanged in September after rising in August.

The index for all items less food and energy rose 2.4 percent over the past 12 months. Indexes with larger increases included shelter and medical care (both 3.5 percent). Indexes with smaller increases over the past 12 months included recreation (1.0 percent)and new vehicles (0.1 percent). Indexes with declines over the past year included communication (-1.2 percent) and apparel (-0.3 percent).

Not seasonally adjusted CPI measures

The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.7 percent over the last 12 months to an index level of 256.759 (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) increased 1.5 percent over the last 12 months to an index level of 250.251 (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) increased 1.6 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 past 10 to 12 months are subject to revision.

Source: U.S. Bureau of Labor Statistics · Original release Oct 10, 2019.

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 10, 2019Publication referenceOct 10, 201930 days laterNov 9, 2019
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®3.49%Observed 3.57%Observed +8 bps vs. earlier reference3.69%Observed +12 bps vs. publication reference
10-year TreasuryDaily par yieldU.S. Department of the Treasury1.72%Observed 1.67%Observed −5 bps vs. earlier reference1.94%Observed +27 bps vs. publication reference

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 10, 2019 – Jan 10, 2020
Historical mortgage and Treasury observations around Oct 10, 2019Each 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.1.00%2.50%4.00%Publication date30-year fixed mortgage: 3.75% · Jul 11, 201930-year fixed mortgage: 3.81% · Jul 18, 201930-year fixed mortgage: 3.75% · Jul 25, 201930-year fixed mortgage: 3.75% · Aug 1, 201930-year fixed mortgage: 3.60% · Aug 8, 201930-year fixed mortgage: 3.60% · Aug 15, 201930-year fixed mortgage: 3.55% · Aug 22, 201930-year fixed mortgage: 3.58% · Aug 29, 201930-year fixed mortgage: 3.49% · Sep 5, 201930-year fixed mortgage: 3.56% · Sep 12, 201930-year fixed mortgage: 3.73% · Sep 19, 201930-year fixed mortgage: 3.64% · Sep 26, 201930-year fixed mortgage: 3.65% · Oct 3, 201930-year fixed mortgage: 3.57% · Oct 10, 201930-year fixed mortgage: 3.69% · Oct 17, 201930-year fixed mortgage: 3.75% · Oct 24, 201930-year fixed mortgage: 3.78% · Oct 31, 201930-year fixed mortgage: 3.69% · Nov 7, 201930-year fixed mortgage: 3.75% · Nov 14, 201930-year fixed mortgage: 3.66% · Nov 21, 201930-year fixed mortgage: 3.68% · Nov 27, 201930-year fixed mortgage: 3.68% · Dec 5, 201930-year fixed mortgage: 3.73% · Dec 12, 201930-year fixed mortgage: 3.73% · Dec 19, 201930-year fixed mortgage: 3.74% · Dec 26, 201930-year fixed mortgage: 3.72% · Jan 2, 202030-year fixed mortgage: 3.64% · Jan 9, 202010-year Treasury: 2.07% · Jul 10, 201910-year Treasury: 2.13% · Jul 11, 201910-year Treasury: 2.12% · Jul 12, 201910-year Treasury: 2.09% · Jul 15, 201910-year Treasury: 2.13% · Jul 16, 201910-year Treasury: 2.06% · Jul 17, 201910-year Treasury: 2.04% · Jul 18, 201910-year Treasury: 2.05% · Jul 19, 201910-year Treasury: 2.05% · Jul 22, 201910-year Treasury: 2.08% · Jul 23, 201910-year Treasury: 2.05% · Jul 24, 201910-year Treasury: 2.08% · Jul 25, 201910-year Treasury: 2.08% · Jul 26, 201910-year Treasury: 2.06% · Jul 29, 201910-year Treasury: 2.06% · Jul 30, 201910-year Treasury: 2.02% · Jul 31, 201910-year Treasury: 1.90% · Aug 1, 201910-year Treasury: 1.86% · Aug 2, 201910-year Treasury: 1.75% · Aug 5, 201910-year Treasury: 1.73% · Aug 6, 201910-year Treasury: 1.71% · Aug 7, 201910-year Treasury: 1.72% · Aug 8, 201910-year Treasury: 1.74% · Aug 9, 201910-year Treasury: 1.65% · Aug 12, 201910-year Treasury: 1.68% · Aug 13, 201910-year Treasury: 1.59% · Aug 14, 201910-year Treasury: 1.52% · Aug 15, 201910-year Treasury: 1.55% · Aug 16, 201910-year Treasury: 1.60% · Aug 19, 201910-year Treasury: 1.55% · Aug 20, 201910-year Treasury: 1.59% · Aug 21, 201910-year Treasury: 1.62% · Aug 22, 201910-year Treasury: 1.52% · Aug 23, 201910-year Treasury: 1.54% · Aug 26, 201910-year Treasury: 1.49% · Aug 27, 201910-year Treasury: 1.47% · Aug 28, 201910-year Treasury: 1.50% · Aug 29, 201910-year Treasury: 1.50% · Aug 30, 201910-year Treasury: 1.47% · Sep 3, 201910-year Treasury: 1.47% · Sep 4, 201910-year Treasury: 1.57% · Sep 5, 201910-year Treasury: 1.55% · Sep 6, 201910-year Treasury: 1.63% · Sep 9, 201910-year Treasury: 1.72% · Sep 10, 201910-year Treasury: 1.75% · Sep 11, 201910-year Treasury: 1.79% · Sep 12, 201910-year Treasury: 1.90% · Sep 13, 201910-year Treasury: 1.84% · Sep 16, 201910-year Treasury: 1.81% · Sep 17, 201910-year Treasury: 1.80% · Sep 18, 201910-year Treasury: 1.79% · Sep 19, 201910-year Treasury: 1.74% · Sep 20, 201910-year Treasury: 1.72% · Sep 23, 201910-year Treasury: 1.64% · Sep 24, 201910-year Treasury: 1.73% · Sep 25, 201910-year Treasury: 1.70% · Sep 26, 201910-year Treasury: 1.69% · Sep 27, 201910-year Treasury: 1.68% · Sep 30, 201910-year Treasury: 1.65% · Oct 1, 201910-year Treasury: 1.60% · Oct 2, 201910-year Treasury: 1.54% · Oct 3, 201910-year Treasury: 1.52% · Oct 4, 201910-year Treasury: 1.56% · Oct 7, 201910-year Treasury: 1.54% · Oct 8, 201910-year Treasury: 1.59% · Oct 9, 201910-year Treasury: 1.67% · Oct 10, 201910-year Treasury: 1.76% · Oct 11, 201910-year Treasury: 1.77% · Oct 15, 201910-year Treasury: 1.75% · Oct 16, 201910-year Treasury: 1.76% · Oct 17, 201910-year Treasury: 1.76% · Oct 18, 201910-year Treasury: 1.80% · Oct 21, 201910-year Treasury: 1.78% · Oct 22, 201910-year Treasury: 1.77% · Oct 23, 201910-year Treasury: 1.77% · Oct 24, 201910-year Treasury: 1.80% · Oct 25, 201910-year Treasury: 1.85% · Oct 28, 201910-year Treasury: 1.84% · Oct 29, 201910-year Treasury: 1.78% · Oct 30, 201910-year Treasury: 1.69% · Oct 31, 201910-year Treasury: 1.73% · Nov 1, 201910-year Treasury: 1.79% · Nov 4, 201910-year Treasury: 1.86% · Nov 5, 201910-year Treasury: 1.81% · Nov 6, 201910-year Treasury: 1.92% · Nov 7, 201910-year Treasury: 1.94% · Nov 8, 201910-year Treasury: 1.92% · Nov 12, 201910-year Treasury: 1.88% · Nov 13, 201910-year Treasury: 1.82% · Nov 14, 201910-year Treasury: 1.84% · Nov 15, 201910-year Treasury: 1.81% · Nov 18, 201910-year Treasury: 1.79% · Nov 19, 201910-year Treasury: 1.73% · Nov 20, 201910-year Treasury: 1.77% · Nov 21, 201910-year Treasury: 1.77% · Nov 22, 201910-year Treasury: 1.76% · Nov 25, 201910-year Treasury: 1.74% · Nov 26, 201910-year Treasury: 1.77% · Nov 27, 201910-year Treasury: 1.78% · Nov 29, 201910-year Treasury: 1.83% · Dec 2, 201910-year Treasury: 1.72% · Dec 3, 201910-year Treasury: 1.77% · Dec 4, 201910-year Treasury: 1.80% · Dec 5, 201910-year Treasury: 1.84% · Dec 6, 201910-year Treasury: 1.83% · Dec 9, 201910-year Treasury: 1.85% · Dec 10, 201910-year Treasury: 1.79% · Dec 11, 201910-year Treasury: 1.90% · Dec 12, 201910-year Treasury: 1.82% · Dec 13, 201910-year Treasury: 1.89% · Dec 16, 201910-year Treasury: 1.89% · Dec 17, 201910-year Treasury: 1.92% · Dec 18, 201910-year Treasury: 1.92% · Dec 19, 201910-year Treasury: 1.92% · Dec 20, 201910-year Treasury: 1.93% · Dec 23, 201910-year Treasury: 1.90% · Dec 24, 201910-year Treasury: 1.90% · Dec 26, 201910-year Treasury: 1.88% · Dec 27, 201910-year Treasury: 1.90% · Dec 30, 201910-year Treasury: 1.92% · Dec 31, 201910-year Treasury: 1.88% · Jan 2, 202010-year Treasury: 1.80% · Jan 3, 202010-year Treasury: 1.81% · Jan 6, 202010-year Treasury: 1.83% · Jan 7, 202010-year Treasury: 1.87% · Jan 8, 202010-year Treasury: 1.85% · Jan 9, 202010-year Treasury: 1.83% · Jan 10, 2020Jul 10, 2019Oct 10, 2019Jan 10, 2020
30-year fixed mortgage27 observations10-year Treasury127 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$1,358.88/month

3.57% · Oct 10, 2019

At the later reference$1,379.15/month

3.69% · Nov 7, 2019

The illustrative principal-and-interest payment is $20.27 higher 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.

How policy and mortgage rates connect →See current advertised mortgage options →