Inflation increased by a massive 7.9 percent in February compared to the verysame time last year, the Labor Department revealed Thursday.
The increases in indexes for fuel, shelter and food were the biggest factors to the seasonally changed, all products boost, the Consumer Price Index report discovered, per Just the News.
Indeed, last month’s boost significant a 40-year high – the last time the rate of inflation spedup this rapidly was in January of 1982.
The month-over-month boost for February was 0.8 percent.
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