The consumer price index rose in August 0.6%, the most since June 2009, the Labor Department said Friday.
Economists had forecast a 0.6% increase in the government’s main inflation gauge, Bloomberg reported.
The core CPI rate, which excludes food and energy, rose 0.1%.
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.