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Consumer Price Index Increases in September

Friday October 16th, 2020

In September, the Consumer Price Index for all Urban Consumers (CPI-U) increased .2 percent after rising .4 percent in August. From September 2019 to September 2020, the CPI-U increased 1.4 percent. The index for used cars and trucks rose sharply and accounted for most of the monthly increase. The energy index rose .8 percent in September as the index for natural gas increased 4.2 percent. Click here for more.  

The CPI-U is updated each month and is used by many to help determine cost-of-living increases for employee wages. As an example, Social Security announced that it will increase benefit payments in 2021 by 1.3 percent.