The Consumer Price Index is out for September 2009. CPI rose +0.2%, down from +0.4% in August. What's more interesting is an not seasonally adjusted yearly decline of -1.3%. The food index declines for the first time in 40 years.
See what a difference $4 gas makes from the above.
The report mentions a decrease in rents and owner's rent equivalent, yet looking over the table, both are an unadjusted -0.1% change, from August so not a huge mover. Gassing up your car increased 0.1%, staying at a hotel really jumped and our favorite, medical care, just increased +0.4% from last month.
As a result of these deflationary pressures, social security will not get an increase adjustment for 2010.