The consumer price index rose 0.2% in January as energy and food prices increased, the Labor Department said Friday.
Economists had projected a 0.3% increase in the government’s main inflation gauge, Bloomberg reported.
The reading was unchanged in December.
The core CPI rate excluding food and energy also increased 0.2%, 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.
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