US Inflation Spikes as Consumer Prices Jump in February 2013

The American cost of living surged in February by the biggest amount in nearly four years, new inflation data from the US government shows.

Soaring gasoline prices, as expected, led increases. Consumers paid 9.1% more at the pump last month and that accounted for almost 75% of the gain in the Consumer Price Index (CPI), the government’s key measure of US Inflation. Continue reading US Inflation Spikes as Consumer Prices Jump in February 2013