The consumer price index rose 0.1% in October, the slowest pace in three months, the Labor Department said Thursday.
The increase follows a 0.6% gain the prior month.
Economists had forecast a 0.1% increase in the government’s main inflation gauge, Bloomberg reported.
The core CPI rate, which excludes food and energy, rose 0.2%.
Almost 60% 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.
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