What Can June 2024 Inflation Trends in the CPI Reveal About Future Load Volumes and Freight Rates?

Below is a list showing the change in price (a Consumer Price Index (CPI) measurement) of various items for June 2024. These changes in price can significantly impact consumer spending habits. An increase in price may explain a decrease in consumer demand (spending), while a decrease in price might explain a boost in consumer demand (spending). Understanding these trends can offer valuable insights into why your client’s load volume has shifted or may shift in the near future. 

Click here to access CNBC’s easy read article pertaining to the chart.

Reminder: The CPI report is released monthly by the Bureau of Labor Statistics. Click here for the CPI Release Calendar.