
(WASHINGTON) — Inflation spiked again last month, increasing 0.8 percent in February after rising 0.6 percent in January, the latest figures released Thursday by the U.
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S. Department of Labor show.
Compared to February of last year, the Consumer Price Index, which measures the change in prices customers pay for goods and services, is up 7.9%, marking a four-decade high.
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The Labor Department said the biggest price hikes were for gasoline, shelter and food.
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