Consumer Price Index Rises 0.1%

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.

Ìý