The consumer price index rose 0.4% in August as food, energy and housing costs increased, the Labor Department said Thursday.
The upturn in the government’s main inflation gauge was twice the 0.2% increase predicted by economists, Bloomberg reported.
The core CPI rate excluding food and energy rose 0.2% for the second straight month, matching economists’ projections, Bloomberg said.
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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