US inflation continues ascent

CPI inflation reached new high of 7.9% in February


The United States experienced no relief from high inflation in February, as consumer-price index inflation rose again to 7.9%. The Bureau of Labor Statistics reported on March 10 that prices had risen 0.8% in the month of February alone.

Food, energy and housing prices were the main drivers of rising inflation, the BLS said. It reported that gasoline prices rose 6.6% in February, which alone accounted for one-third of overall price growth.

Subtracting food and energy, core inflation reached 6

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