Consumer Price Index Unchanged in November


 UPDATED:
12/16/2011 9:00:00 AM
Write a Letter to the Editor



Print This
 

The consumer price index was unchanged in November as gas prices dropped, the Labor Department said Friday.

Economists had projected a 0.1% increase in the government’s main inflation gauge, Bloomberg reported.

The unchanged reading followed a 0.1% decline in October.

The core CPI rate excluding food and energy rose 0.2% as medical and clothing costs increased, 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.

Follow Transport Topics on RSS Twitter Facebook


 Print This
 


© 2011, Transport Topics Publishing Group. All rights reserved.

 

 

RELATED ARTICLES


Click Here!

JOIN OUR NEWSLETTER
We'll deliver tax strategies to your inbox from our CPA firm.
We hate spam. Your email address will not be sold or shared with anyone else.