Political and Legislative
Five Takeaways From the Labor Department’s CPI Report
Consumer prices rose at the fastest annual rate in more than 40 years in February, according to Labor Department data released Thursday.
Inflation steamed ahead for yet another month, pushing the cost of living even higher after more than a year of accelerating price growth. While the burst of inflation began with a small group of goods hit by specific supply shortages, rapid price growth has spread to basic necessities such as food, energy and shelter.
Economists were once optimistic price growth would slow in the spring and allow Americans to more fully reap the benefits of a strong economy.
