Oklahoma State Home Builders Association

An Affiliate of the National Home Builders Association

NAHB’s Eye on Housing: Rebounding Energy Prices in October

Posted on November 18, 2015 by By Carol Hartzog Communications

Eye on Housing logo

By Jing Fu

Energy prices rebounded and the Consumer Price Index (CPI) rose moderately in October.

The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose at a seasonally adjusted annual rate of 2.4% in October after a 1.8% decline in September and a 0.8% decline in August. Excluding the volatile food and energy components, “core” CPI rose at a seasonally adjusted annual rate of 2.5% in October, similar to the 2.6% in September.

Energy prices have dominated inflation dynamics since mid-2014 when oil prices collapsed. In the previous two months, the sharp declines in energy prices have pulled overall inflation away from the core measure.

Read the full blog post at the NAHB website

Share and Enjoy :