November 16, 2011
According to the Bureau of Labor Statistics' latest reports on the consumer price, US import/export price and producer price indexes, transportation prices fell 1.1 percent, broadly reversing last month’s rise of 1.0 percent. Though much of the fall was related to the reversal in the price of gasoline, the price of new vehicles fell 0.3 percent and the price of used cars and trucks fell 0.6 percent for the second consecutive month. Public transportation prices also often reflect changes in energy costs, and so airline fares fell 0.1 percent in October, compared with gains of 1.0 percent in September and 1.1 percent in August.
For more, check out the latest Prices Byte.