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6/14/2012 10:00:00 AM Write a Letter to the Editor Write a letter to the Editor

Consumer Price Index Falls by Most in More Than 3 Years

The consumer price index fell 0.3% in May, the biggest decline since December 2008, the Labor Department said Thursday.

The government’s main inflation gauge dropped more than economists' projections of a 0.2% decline, Bloomberg reported.

The reading was unchanged in April.

The core CPI rate excluding food and energy rose 0.2% for a third straight month.

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.

By Transport Topics

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