U.S. inflation soared 7.9% in past year, a fresh 40-year high

By
-
Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come. / DAVID ZALUBOWSKI / ASSOCIATED PRESS
WASHINGTON (AP) – Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come. The increase reported Thursday by the Labor Department reflected the 12 months ending in February and didn't include most…

Thanks for reading Providence Business News. Create your free account or log in to continue reading.


Register Now Already a Subscriber? Login now


 

If you have already logged in and are still seeing this message, please refresh the page as your browser is caching the old content.

- Advertisement -

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

RELATED ARTICLESMORE FROM AUTHOR

1 COMMENT