GAS PRICES are displayed at a gas station March Long Beach, Calif. Americans are facing the highest inflation in four decades. An inflation gauge closely monitored by the Federal Reserve jumped 6.4% in February compared with a year ago, with sharply higher prices for food, gasoline and other necessities squeezing Americans' finances. / ASHLEY LANDIS / ASSOCIATED PRESS
WASHINGTON (AP) – An inflation gauge closely monitored by the Federal Reserve jumped 6.4% in February compared with a year ago, with sharply higher prices for food, gasoline and other necessities squeezing Americans' finances. The figure reported Thursday by the Commerce Department was the largest year-over-year rise since January 1982. Excluding volatile prices for food…
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