Higher food, shelter, vehicle, medical care and clothing prices drove up the U.S. cost of living in February, data released March 11 by the government showed, although lower gasoline prices helped in checking some of the overall inflation pressures.
In the longer haul, prices from a year earlier increased for a second time for both energy and food. Before then, year-over-year energy prices logged a string of seven straight declines while food prices rose. Continue reading U.S. Core Inflation Quickens; Consumer Prices In February Rise 0.1%