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Consumer Price Index Unchanged in November

12/16/2011 9:00:00 AM
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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.

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Tax, Accounting, Consulting - Emil Estafanous, CPA, CFF, CGMA