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The Consumer Price Index
October 2008
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Highlights
- Consumer prices rose 2.6% in the 12 months to October 2008, a sharply slower pace than the 3.4% increase recorded in September. While October’s slowdown was due primarily to slower price increases for gasoline, prices for food exerted stronger upward pressure on consumer prices. On a seasonally adjusted monthly basis, consumer prices fell 0.5% from September to October.
Chart 1
12-month evolution of the CPI and the CPI excluding energy
