United States Department of Transportation
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Increase in Transportation Consumer Price Index Accounts for Nearly 27% of Year-Over-Year Overall CPI Growth; Lowest Share of Inflation Since February 2021
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2022-11-02
[PDF-1.11 MB]
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Abstract:When the prices of goods and services rise, inflation causes concern because it erodes consumers’ purchasing power. Inflation includes the prices faced by consumers for transportation, as measured by the Consumer Price Index (CPI) for items such as motor vehicles, gasoline, and airfares. It also includes the transportation costs, as measured in the Producer Price Index (PPI), that manufacturers, wholesalers, and retailers pass onto consumers in the prices they charge for their goods and services.
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