The consumer price index rose 0.4% in January, the Labor Department said Thursday.
The gain in the government’s main inflation gauge followed a revised 0.4% increase in December that was higher than previous reported.
The increase was higher than economists’ estimates of a 0.3% increase. The so-called core rate excluding food and energy increased 0.2%, the largest increase since October 2009.
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.
Transport Topics
