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Consumer Price Index Unchanged

Posted By Administration, Tuesday, July 17, 2012
Updated: Tuesday, August 27, 2013
The consumer price index was unchanged in June following a 0.3% drop in May, the Labor Department said Tuesday. The May 0.3% drop had been the biggest decline in three years. The government's main inflation gauge matched economists' projections, Bloomberg reported. The core CPI rate excluding food and energy rose 0.2% for a fourth 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.

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