Consumer Price Index Rises 0.3%

Gain Is Biggest in a Year

[Stay on top of transportation news: .]

The consumer price index rose for the first time in four months in July, the Labor Department said Friday.

The 0.3% increase in the government’s main inflation gauge was the biggest in a year. The core CPI rate excluding food and energy rose 0.1%.

Economists had forecast both CPI to rise 0.2%, while the core increase matched projections, Bloomberg reported.

The CPI is the government’s broadest gauge of costs for goods and services. Almost 6 of the CPI covers prices consumers pay for services.



If consumer prices are climbing, it could reflect an increase in demand for consumer goods, which increases the demand for trucking services.

Ìý

Trending

Newsletter Signup

Subscribe to Transport Topics

 

Hot Topics