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10/16/2012 8:45:00 AM Write a Letter to the Editor Write a letter to the Editor

Consumer Price Index Rises 0.6% on Higher Fuel Costs

The consumer price index rose 0.6% in September for a second month, the Labor Department said Tuesday.

The rise reflects a jump in energy expenses with energy costs increasing 4.5% from a month earlier, Bloomberg reported.

Economists had forecast a 0.5% 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.

By Transport Topics

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