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U.S. government acknowledges highest inflation in 40 years
So it's probably the highest inflation in more than 200 years.
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Gasoline, Rents Boost U.S. Consumer Prices with More Pain to Come
By Lucia Mutikani
Reuters
Thursday, March 10, 2022
WASHINGTON -- U.S. consumer prices surged in February, with Americans digging deeper into their wallets to pay for rents, food, and gasoline, and inflation is poised to accelerate in the months ahead as Russia's war against Ukraine drives up the costs of crude oil and other commodities.
The broad rise in prices reported by the Labor Department today led to the largest annual increase in inflation in 40 years. Inflation was already haunting the economy before Russia's invasion of Ukraine last month, and could further erode President Joe Biden's popularity. ...
... For the remainder of the report:
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