Nowflation’s services gauge reads 2.20% year over year as of October 17, 2026 (0.000pp on the day, +0.060pp on the week, +0.060pp on the month; level 137.539, January 2018 = 100). The official BLS CPI services less energy services was 3.1% for September 2026, released October 14, 2026 — a gap of −0.90pp today, −0.98pp like for like (the gauge’s September 2026 average against that print). The category carries 62.2% of the CPI basket; 55% of that weight is priced from live sources today. Next print: October 2026 CPI on November 10, 2026 at 8:30 AM ET. A measurement, not a forecast.
| Component | Basket weight | YoY | Contribution to the category | Feed today |
|---|---|---|---|---|
| Shelter: Owned | 26.2% | 1.97% | +0.83pp | LIVE — rides the all-tenant rent index (rent weight + owners’-equivalent weight, as in the Gauge) |
| Transportation Services | 6.3% | 2.77% | +0.28pp | OFFICIAL — CUSR0000SAS4 (official subindex, held between prints) |
| Shelter: Rent | 7.8% | 1.97% | +0.25pp | LIVE — zori_us + aptlist_rent_us (all_tenant model) |
| Recreation | 5.1% | 2.82% | +0.23pp | OFFICIAL — CPIRECSL (official subindex, held between prints) |
| Education & Comm | 5.9% | 2.32% | +0.22pp | OFFICIAL — CPIEDUSL (official subindex, held between prints) |
| Medical Care | 8.4% | 1.50% | +0.20pp | OFFICIAL — CPIMEDSL (official subindex, held between prints) |
| Lodging Away | 1.3% | 4.38% | +0.09pp | OFFICIAL — CUSR0000SEHB (official subindex, held between prints) |
| Water, Sewer & Trash | 1.1% | 4.84% | +0.09pp | OFFICIAL — CUSR0000SEHG (official subindex, held between prints) |
Nowflation’s services gauge reads 2.20% year over year as of October 17, 2026, measured daily on the CPI basket weights (62.2% of the basket). The official BLS CPI services less energy services was 3.1% for September 2026, released October 14, 2026.
Today’s reading is −0.90pp versus the last print. About 55% of the category weight is priced from live sources today; the rest holds the official subindex until the next release. Like for like — the gauge’s average over September 2026 against that print — the gap was −0.98pp.
The October 2026 CPI prints on November 10, 2026 at 8:30 AM ET; this page steps to it the same morning.
The BLS December chain over the member components (index Jan 2018 = 100), the aggregation the headline Gauge uses under method v1.5: each year’s relative-importance weights multiply price relatives since the previous December, and the year-over-year change joins the year-ago-to-December segment to the December-to-today one. A component priced on a monthly source compares that source’s latest month with the same month a year earlier, and takes the official subindex while BLS has published a newer month. The whole history on this page is computed under this method. Each contribution is the component’s exact share of the category’s year-over-year change; they add up to the reading. Built to match the BLS “services less energy services” aggregate: shelter, lodging away from home, transportation services and water, sewer and trash, plus medical care, education & communication and recreation. BLS splits those last three into goods and services; the Gauge carries each whole, so they bring a small share of goods with them. Vehicles, apparel, furnishings, alcohol and tobacco are goods and are left out. Shelter is the live piece; the rest hold their official subindexes between prints.
The BLS December chain over the member components (index Jan 2018 = 100), the aggregation the headline Gauge uses under method v1.5: each year’s relative-importance weights multiply price relatives since the previous December, and the year-over-year change joins the year-ago-to-December segment to the December-to-today one. A component priced on a monthly source compares that source’s latest month with the same month a year earlier, and takes the official subindex while BLS has published a newer month. The whole history on this page is computed under this method. Each contribution is the component’s exact share of the category’s year-over-year change; they add up to the reading. Built to match the BLS “services less energy services” aggregate: shelter, lodging away from home, transportation services and water, sewer and trash, plus medical care, education & communication and recreation. BLS splits those last three into goods and services; the Gauge carries each whole, so they bring a small share of goods with them. Vehicles, apparel, furnishings, alcohol and tobacco are goods and are left out. Shelter is the live piece; the rest hold their official subindexes between prints. The official subindex is quoted at the last print (NSA, one decimal). The daily reading is a measurement of today; the like-for-like comparison is the calendar-month average of the daily series for the print’s reference month (at_print_month_pct), which is what the gap-at-print figure uses. Components: shelter_rent, shelter_owned, lodging, transportation_services, water_sewer_trash, medical, education_comm, recreation; weights from the BLS CPI-U relative-importance table (engine weights.json) (2026). Engine construction v1.5.
Embed: <iframe src="https://nowflation.com/embed?view=category&c=services"> (builder).